ES Journal Archive (2006 - 2008)

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Quote from schizo:

sweet! But I think your money management is absolutely terrible.
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I agree with this. Although I am glad to see this person not lose money. But the risk was what? 50% more than what he made? Not for sure on those numbers...don't make sense to me.
 
Quote from nyxtrader:

this is BULLSHIT.

Most know I trade decent size. So I was up 35(full size) es points on the day. I took a tenth of a position short into teh Decision...made 14 points or 1.5 compared to my normal size.

Figured I would start scaling in short normal size and got SMOKED for 20 es points. THOSE STUPID MOTHER FUCKERS. I LIKE HOW THEY PLANNED THIS SHIT TO TRY AND WIPE OUT THE SHORTS. I SHOULDN'T REALLY COMPLAIN..BECAUSE AFTER A 200K LOSS I AM STILL UP ON THE DAY. BUT COME ONE, GIVE ME A FUCKING BREAK.

I MAKE THE RIGHT CALL ABOUT GS AND THE NO RATE CUT AND THEN THIS SHIT HAPPENS. BULL FUCKING SHIT!
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Right now it all has to do with AIG. Rate cuts or lack thereof are irrelevant.

OldTrader
 
Sorry to hear of your plight, nyxtrader.

Can't say I can relate, :) but I'm very sure there were many less savvy than you that were completely smoked, not just on the day, but for a lifetime!

Osorico
 
Quote from tommymoose:

I have 1170-1175 (SPX) as a strong support zone. If they're going to try and turn this market soon it'll be there IMO. It has basic technical significance that even the most fundamental fund manager could see (50% retrace from 2003 lows, plus multiple hi/lo's over the past decade), smaller timeframe more technical confluence (extensions, projections) and could also be reached by capitulation on a 1200 break. In regards to what you're saying about the swing trend basing, I'm seeing that as a definite possibility. A third lower drive would form a triple MACD histo divergence on the weekly chart which is very significant.

http://elitetrader.com/vb/attachment.php?s=&postid=2069495
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hot damn :cool: Holding long.... I'll post the updated chart tonight.
 
hey tommy it's nice to see you doing well, I have always enjoyed reading your commentary. I hope your long works out for you, I am short a good amount of spoo puts from the near low. tough call on whether to cover.

Great thread guys always a good one to keep up on
 
I agree, I think the nq was simply dropping days before the sp and djx. it was done. have you seen how nasdaq/ndx held support?

Quote from Lawrence Chan:

R1 in play - 25

Edit: 44 pts range in ES, BUT NQ has just 43 pts - very very odd.
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