ES Journal Archive (2009 - 2010)

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Quote from JSSPMK:

Yesterday had a personal worst record for consecutive losses 11, in the end decided to keep trading by changing to a different method as got myself stuck in noise, then started buying lows & highs followed by a cool 133 pip whale trade.
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I know what you mean bro, I took a bad bad loss in mid November but my equity continues to hit all time highs because after analyzing that loss I realized that you win some you lose some, don't pray for it to come back in your favor, just bail and come back to fight another day!

That big loss had me in tears, I had doubts that I had what it takes to make it. That intense anger and pain reset my emotional ties and I've been a much better trader ever sense. My emotions are my strength now.
 

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Quote from Lawrence Chan:Yes, a classic pattern. And no, the ledge is 13-15.5.

Once the 3 test is in place you get the formation in place.

The problem is that 09-10 was the swing low from AH. That can hold and stop the down move.

So risk reward is not that good ...
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Cool thanks for the info! Being so precise on the ledge size, I guess it tells the size of the drop?
 
Quote from Panama:ADU on schedule so far.

...should see new hi 12-12:30 .... retreat into 2-2:30 ... HOD around 3:30-45.

We'll see
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Does seem like it doesn't it... I would be surprised to see a new high, though it is possible.

I guess the bear in me still doesn't believe it.
 
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