ES Journal Archive (2006 - 2008)

[Jahajee]

Quote from startraitor:

Long 948, stop 944, 1st target 960

Am also looking for go long ES around here - 945 to 950

But, I am not sure 945 will hold - steady drop since market opened with little bounce.

 

[startraitor]

exit 55.25, not pressing the bernie talk.

Quote from startraitor:

Long 948, stop 944, 1st target 960

 

[Pholeuon]

Today we did not have stop running rally.

Posssible reasons:

1. Wait, it is just around the corner

2. We are going up to 1000 so no reason bother shorts, suck them all

 

[gwac]

Since the focus is back on the economy, beige book at 2pm, it would seem es not going very much up until after that...

 

[ggoyal]

i read the bounce off the 949-950 level. but i pulled out too fast for a 2pt gain whereas i should have had six till the resistance level.

i let a little bit congestion/hesitation scare me.

how do u guys counteract this?

 

[volente_00]

Quote from saliva:

No problemo!

You missed the point. Say you woke up at 5 am, are you gonna pull the upper trendline from the 1 to 5 am action and make it the new lower from the 7 am peak ?

Trendlines work great on a trendday but once it breaks and you are short or long the upper or lower you will be chasing.


Show us the channel for monday or last friday.



Nice of them to split our targets in the dead middle at 47

 

[startraitor]

Build up your resistance to fear. Go out tonight and find a bar or clubhouse frequented by outlaw biker gang members, preferably the Mongols. Start asking guys if they want to be your bitch then run like hell. Repeat as necessary till you overcome any sense of fear or dread.

Quote from ggoyal:

i read the bounce off the 949-950 level. but i pulled out too fast for a 2pt gain whereas i should have had six till the resistance level.

i let a little bit congestion/hesitation scare me.

how do u guys counteract this?

 

[volente_00]

Quote from ggoyal:

i read the bounce off the 949-950 level. but i pulled out too fast for a 2pt gain whereas i should have had six till the resistance level.

i let a little bit congestion/hesitation scare me.

how do u guys counteract this?

It's called balls, conviction, confidence in the probabilities, manage the risk and step away and watch the trade work. Try scaling out if you always feel the need to be right and ring the register. It will at least let you allow to let the winners run somewhat versus cutting them short.

 

[volente_00]

50% fib holding and it is oe week.

Wed's move usually marks the high or low for the week.


Maybe this time is different but I am long biased rest of week til they expire.

 

[ggoyal]

Quote from volente_00:

It's called balls, conviction, confidence in the probabilities, manage the risk and step away and watch the trade work. Try scaling out if you always feel the need to be right and ring the register. It will at least let you allow to let the winners run somewhat versus cutting them short.

yeah i do i scale out. but i still cover 100% way b4 i should have.