ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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most everyone has losing trades, and sometimes the loosing trades outnumber the winning trades, yet the winning trades profit amount is greater then the loosing trades totals.
the most important aspect of price action is the trend itself, usually if you coincide the trend with underlying macro events and stages, a trade entry with wide stops or no stops comes into profitability zones eventually. So if you believe in the underlying macro economic assessment, then underleveraging a position and letting drift and trend bring prices back into profitability is one technique I have been using,
I follow ES intermittently (journal), sometimes I get into a scalping/daytrading motivation, and post frequently on a certain day, but eventually posting itself has less satisfaction then it use to initially. Most traders ultimately go into seclusion and are more then happy to pull money from market consistently without garnering attention. Thanx to everyone who has contributed to this journal, I still read it at the end of the day but only the last few pages.
the most important aspect of price action is the trend itself, usually if you coincide the trend with underlying macro events and stages, a trade entry with wide stops or no stops comes into profitability zones eventually. So if you believe in the underlying macro economic assessment, then underleveraging a position and letting drift and trend bring prices back into profitability is one technique I have been using,
I follow ES intermittently (journal), sometimes I get into a scalping/daytrading motivation, and post frequently on a certain day, but eventually posting itself has less satisfaction then it use to initially. Most traders ultimately go into seclusion and are more then happy to pull money from market consistently without garnering attention. Thanx to everyone who has contributed to this journal, I still read it at the end of the day but only the last few pages.
Spy options mean nothing once again.
Alright the market turned within 1 point of the zone I posted up yesterday and is retracing as expected. Looking for another push up to fill out wave C.
Theres a good deal of confluence right below. Good place to get long at ~1287-1291... a stop of only a 2-3 points should be enough on this trade. If we turn there theres a really good chance we'll make a retest of the highs, so this trade is good for 30-40 points reward. I like those stats.
Theres a good deal of confluence right below. Good place to get long at ~1287-1291... a stop of only a 2-3 points should be enough on this trade. If we turn there theres a really good chance we'll make a retest of the highs, so this trade is good for 30-40 points reward. I like those stats.
if 94- 94 holds, expect 1320
if not gap fill at 1280
with oe, hard to figure if they will hold the gap 2 more days
Where them t day boys at ?
if not gap fill at 1280
with oe, hard to figure if they will hold the gap 2 more days
Where them t day boys at ?
44 94
if ya wanna play
26 if your right
- 3 if your wrong
if ya wanna play
26 if your right
- 3 if your wrong
volente, which gap are you showing at 1280? I see the gap being filled at 1289.75. Thats one part of my reasoning for 87-91 being support.
Most institutional shorts are now profitable again at 1300.
They are forced to push the price down today.
If they choose to close out their positions here the low is in for the coming 1 or 2 months.
Wish you luck - May the rally begin.
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