ES Journal Archive (2006 - 2008)

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Quote from apex82:

watching 1385 carefully.. a break of this area will having me looking to short a retest of highs to put my longer term short position back on.

zone tested and will be looking for bearish formations on a retest of the high/78.6. ie gartleys, wedges, 5 wave moves... anything that can produce a low risk risk entry and a valid stop point to know if I am wrong.
 
Quote from Buy1Sell2:

I was laughed at when I held my late August short through the bounce on this chart as well. :)

There is nothing funny about a 150 point drawdown, considering for many traders, 150 points would represent a great year.
 
Quote from avarus:

I smell something bad coming again. Maybe today? Longs should be cautious here. This could be the one that gets us to 1200-1150.


i would welcome that.

ready for a nice, big, fat, juicy drop....
 
Quote from Buy1Sell2:

I was laughed at when I held my late August short through the bounce on this chart as well. :)

You had a 200 point gain a couple of weeks ago (you said you sold around 1488). Now your gain is 100 points. That 200 point gain was right before the Fed's lowered which most traders knew was coming. Why you didn't take some off the table is goofy at best. You probably have a full time job and just didn't realize what was happening.

DMartin
 
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