ES Journal Archive (2006 - 2008)

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Quote from Zodiac4u:

No that's it. Sorry.
I think we can agree on one thing and that its to much of a challenge for most people to have the discipline to trade a specific time frame especially when you have all that money dangling in front of them at all hours. That being said they will forget after a couple of hours.:D
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It's up to each individual to find what works for them through trial and error using probability. By only trading a limited time frame, you will be missing out on many opportunities. The majority of my losing trades usually happen between 12 and 3 pm est so I tend to avoid this time frame for initiating a new trade unless already in a trade from earlier. I learned a long time ago that this lead to me giving back the days profits so If there is a time I want to avoid then this is when I choose. The great thing about trading is even if you miss a trade, another one is never far away.
 
Quote from volente_00:

It's up to each individual to find what works for them through trial and error using probability. By only trading a limited time frame, you will be missing out on many opportunities. The majority of my losing trades usually happen between 12 and 3 pm est so I tend to avoid this time frame for initiating a new trade unless already in a trade from earlier. I learned a long time ago that this lead to me giving back the days profits so If there is a time I want to avoid then this is when I choose. The great thing about trading is even if you miss a trade, another one is never far away.
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That is why it is a personal thing. I do agree with the 12-3 time frame. learning to control you and not allowing the monitor to set your hours is a choir in itself, that is why one should limit themselves to a specific time frame and treat it like a real job and not let it become a habit. Once you develop this discipline it becomes more real or I should say structured.

Yes the carrot is always there for the rabbit while the wolf waits for him to let his guard down. :)
 
Geh, the one time I'm awake at this hour, and the damn market isn't +24 ES pts or something :mad: :p

Wish I was sleepy enough to go back to sleep...
 
Quote from Decel:

Geh, the one time I'm awake at this hour, and the damn market isn't +24 ES pts or something :mad: :p

Wish I was sleepy enough to go back to sleep...
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Well that is the drawback in waking up to late or waking up in the middle. Its just like the day time trading you either catch it early or your in the middle or just to late. The painful part of trading the Dracula hours is if you are in central states is the lack of sleep. Believe me this is not fun on the body trading these hours.
 
Another day defending the IHS right shoulder ... again.

Should be clear where we are heading once we break out of this area.

Edit: usd/jpy daily continuation sell still intact. Using that as the backdrop, where I think taking out 96 is very likely, that would translate to ES below 880 easy.
 
Quote from Lawrence Chan:

Another day defending the IHS right shoulder ... again.

Should be clear where we are heading once we break out of this area.

Edit: usd/jpy daily continuation sell still intact. Using that as the backdrop, where I think taking out 96 is very likely, that would translate to ES below 880 easy.
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Got a chart on that ihs ?

The last pattern I saw was the h&s that broke down yesterday with the neck at 905 on the daily.
 
Quote from volente_00:

Got a chart on that ihs ?

The last pattern I saw was the h&s that broke down yesterday with the neck at 905 on the daily.
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Talking about the same daily IHS discussed for the week already :)

Since it is based on line chart, I suppose we can free fall all the way, as long as the ES travel back to 880 or higher by close the bull defenders' mission is accomplished ...
 
Quote from Lawrence Chan:

Another day defending the IHS right shoulder ... again.

Should be clear where we are heading once we break out of this area.

Edit: usd/jpy daily continuation sell still intact. Using that as the backdrop, where I think taking out 96 is very likely, that would translate to ES below 880 easy.
More...

Just 10 mins we are there already?

I like USD/JPY formations, so much easier to read! :D
 
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