ES Journal Archive (2006 - 2008)

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Quote from sgc:

SHORT opportunity here, overbought with divergence and trend line resistance from the highs of 1424.00 on5/2/08 and 1422.25 on 5/6/08, selling 1416.75 stop 1419.75, will trail stop down on lower highs down to a price target of 1383.75 which is 5/9/08 LOW, trend should continue down...will update when situations change for me.

ALSO...if the down trend does not prove to be valid we will stall and reverse LONG at around 1410 or so where there is support from previous prices...

seems valid with either, just got to manage it properly now
 
The big challenge in trading ES intraday is to make the big boys work for you.

We retail guys simply do not count in the greater scheme of things, but we can have terrific days after days by attaching ourselves to the big boys, just like a rémora to a shark.

And so if we make up such a small and decreasing slice of the daily volume of ES, why do some of you guys waste your time bitching amongst yourselves.

Isnt it time to clean the negativity and insecurity from your mind and replace it with the serious challenge of signing off each day having made serious profits, disproportionate in size to the risk involved.

regards
f9
 
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