ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

watching for 1311-13 on next leg should they want to squeeze positioned shorts like a python......1st conservative sell zone.
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Rip it...........spread it.................print it....................forget it.
 
Quote from Pekelo:

Maybe because I have had my own live journal for the last 3 years??

Calling that a good trade is just ridiculous...Again, people who get personal as a deffense haven't explained why would you be short in front of a most likely decent fed ratecut...If one gets short right now that would make more sense, because of the existence of a huge upgap...
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interesting...you don't link it. If you are going to make comments about other people's trading here maybe you should make some live trade posts as well.

Good traders take good r:r setups no matter what the news is. I was both long and short yesterday.

Lets get back to trading. Filled short at 1309. Also have another waiting at 1313 off of two previous touches (last Sunday and previous Tuesday) and then good size selloffs. I'm willing to hold through fed announcement. I'm looking for 1302, 1295, and 1289 for places to cover off the 5 min chart.
 
1310 area is critical - many momentum indicators across daily, 60-min, 4 hours, etc. can continue to hook up if someone can print the ES above that by close.
 
im short at 8.5 average, without stop, heres where stop argument gets valid, i am not covering because i would b thinking about shorting here, and may end up losing another point or 2 if it breaks up, where had i used a stop i'ld been out at 10.5 add 13
 
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