ES Journal Archive (2006 - 2008)

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Maybe I've been too conditioned by the fake-outs, but it seems to me it would be totally natural for price to undercut 1300 and print in the 1296-1295 area.

It just seems that prices (for months and months now) always seem to make just one more errant foray past support (spring) or resistance (upthrust) before reversing for a run in the other direction.
 
Quote from Pholeuon:

We need a big stop run bellow 1310 and than strong move to up. Sorry Apex, it is not against you but I think too much stops are there the big boyz need them before move up.
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I hear ya... I agree, I have no clue whats going to happen... I just listen to my plan and try to keep my risk as small as possible.
 
Quote from vertigo3:

It just seems that prices (for months and months now) always seem to make just one more errant foray past support (spring) or resistance (upthrust) before reversing for a run in the other direction.
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This is very typical in a bear market, at least from my short experience as a trader. :)
 
Vertigo, I believe you are 100% correct, the only problem how low "they" can go not fabricate crash /they need controlled, not real panic/. Market is too fragile, big dowturn can be hardly stopped. Big boyz are responsible, they just need small boyz money not destroy the world.
 
looks like avarus white and black soldiers are at tea....

Quote from saliva:

This is very typical in a bear market, at least from my short experience as a trader. :)
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Quote from gwac:

looks like avarus white and black soldiers are at tea....
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Since I'm not a regular here, I'm missing out on the intended pun. Can you elaborate?
 
just an observation but very good possiblity we`re putting in a rounded bottom here 3 thru 15 min charts indicate it......

rounded bottoms usually require the most patience...we shall see how it plays out.
 
We were told good news is coming, where is it now? :)

Tick index has been indicating extreme selling (everybody is hitting the bid) the whole day.

Bounce is due.
 
Feels like were very near a collapse pt.With the employment report coming tomorrow am they could try to pull a fast one and jam us.But with financials showing zero bounce i'm very short with a stop at 1322 which is b/e for me.
 
Been mostly on the sidelines during the last trading days here - not seeing much structure that is inviting for me. ES looks ugly - hairy and choppy with no decent volume along the moves.. volatile up-n-down consolidation with long term bearish bias, but hard to get on board with my style.. Which I'm trying to steer towards the philosophy "less is more", thus aiming at a smaller trade count per day and higher quality of each trade.

Took one -3.5pts loss on Tuesday on a long trade and a -3.0pts loss yesterday on a short position. Both stopped out by those hairy stop runs just 1.25pts before the extremes were made and before the ES went nicely 15+ in my favor. So that's also part of the reasoning why I'm taking it conservatively for now.. choppy action. After yesterdays and todays failure to hold above 1340 level I see the ES going nowere but below Tuesdays lows and probably way below 1300. Still tough to get aboard for me though, so staying aside currently and protecting the capital made last week.
 
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