ES Journal Archive (2006 - 2008)

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ok at this point now.. we hit 62.75

market structure on lower timeframes all confirming and supporting a major reversal..


I still think we make one more high up to 63-64 where I will be waiting to pounce on the short side once the lower timeframe starts stalling..

At this point i have a very small piece on at 62 with a stop at 66.25 just so I dont miss the move but will be looking to add to this position.

This is a countertrend play but the R:R is massive
 
Quote from joeyata1:

lol we tried rule of 10,then rule of 20 now rule of 30. hell why not take a shot at rule of 40. go bitchy
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i'll take 62-63 to 52 where your stop gets blown rm jr.
 
hey rm jr, were you listening ?





1360 for sure this week


1380 also possible


Don't say I did not tell you

__________________
"The one defining characteristic of successful traders is their refusal to quit in the face of adversity"

"Being a successful trader also takes courage: the courage to try, the courage to fail, the courage to succeed, and the courage to keep on going when the going gets tough"



02-10-08 07:42 PM
 
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