ES Journal Archive (2006 - 2008)

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For crying outloud. The discount window is still open, Aug. 12 financials take it on the chin, a devalued dollar is good for export and tourism. And experts are forecasting unchanged at 2%.

You can't tell where they're taking the market?

Jesus.

1270.75 long targeting 1300, 7 point stop.
 
Quote from Xuanxue:

For crying outloud. The discount window is still open, Aug. 12 financials take it on the chin, a devalued dollar is good for export and tourism. And experts are forecasting unchanged at 2%.

You can't tell where they're taking the market?

Jesus.

1270.75 long targeting 1300, 7 point stop.
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Again, these bulls always overanalyze themselves out of the shit hole they're in. It's my uneventful experience to know that the market is "usually" hijacked prior to the FOMC only to sell off afterwards.

But then again, who's the wizeass moron that said the market is RATIONAL?
 
74 is the target price area from the double bottom.

Next sell zone should be 85-95 (today) for long term continuation

Edit: If we drop first, fast into the low 60s, then trend buy from various time frames will kick in ...
 
Quote from Lawrence Chan:

For all the Fed days with a huge gap not filled, many of them do try to flush down to the day low to test the gap.

But shooting up 20 pts is not out of the question too.

Would 97 be too close?
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I have some SPY blocks, looking to unload at higher levels, so for some trading accounts it would work out nicely..
 
Quote from Buy1Sell2:

Long 20 contracts 1258.50

Initial stop is 1254.00
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Two things I admire at you b1s2.

1. You are able to not get tremendously emotionally wrapped up in getting stopped within a few ticks of a reversal. That would kick most trader's ass.

2. You take a trade with an entry WAY above where you were stopped out. I am usually unable to buy higher with such a memory so fresh.

Good job man.
 
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