ES Journal Archive (2009 - 2010)

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Quote from F112358:

Un loco mas en el asilo. Los amigos de los locos son peligrosos.:eek:

Para apostar contra el toro está loco. sus bolas son más grandes que tu cuenta bancaria.





:)
 
Quote from ammo:

and is that an ominous candle or a bullish


Look for bullish candles in a rising market and bearish candles in a bearish trend, humm and you have been trading SPX for 20 years. May I recomend Steve Nison book and candlestick charting.
 
Enough with the tutorials. Let ammo be. The man posts his trades live, even when he's wrong. That's more than I can say about many of the preachers on this board. Post a trade, a chart, an analysis, and let's see how much better you are at this.
 
Quote from schizo:

is that in reference to the chart or the outcome of this poor soul? :)

BTW what hanging man? I don't see it. The head portion is too big. The tail should be at least 3x the body.

This is why 90% of traders fail. They are looking the wrong way. Instead of watching for bullish setups in a rising market they look for bearish setups and trade against the trend.
 
Quote from bigpapi:

Need a good one on countertrending too, everyone points you to the direction of the herd but hardly any book tells you to bet against trends

Betting against the trend requires deep pockets and great analysis. You have to be sure that the herd is wrong, and also be sure that a catalyst that will generate a move in your favor surely exists.

For example, betting against this rally from last march has proven to be painful and has led to the demise of many. Analysis tells you that the economy isn't has strong as the markets are leading us to believe. But there isn't a major catalyst that will generate a crazy sell-off....at least not yet. The main reason for that, IMHO, is because of the U.S gov't, they've given the green light on going long. The only major catalyst will be when the U.S gov't takes away the punch bowl, and everybody looks for the exit or where the next party's at.

Counter-trend trading or investing is good, but it takes great skills
 
Quote from Eko_Trader:

Enough with the tutorials. Let ammo be. The man posts his trades live, even when he's wrong. That's more than I can say about many of the preachers on this board. Post a trade, a chart, an analysis, and let's see how much better you are at this.

Yes ammo keeps the thread alive and thats what the site owner wants.

I have never understood why a trader would waste so much of his time posting on a public forum unless he had an agenda.

This guy has been shorting this uptrend for a year. I always thought when were above the 200 day the 50 day and the 20 day moving averages that meant a rising market and one should trade in that direction.

I just don't want people to get hurt.
 
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