ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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On Cramer's show last night he mentioned that up days have been weak volume and down days have been heavy volume. Also, that the 14 day moving average crossed the 34 day moving average to the downside. which is a bearish crossover. He mentioned buying on dips, and I was planning to go long if the market was down today, but since its up but I am not trapped, I will try to hold for more profit instead of just taking 1 point.
I was stopped out when ES broke above 1170, but then ES did not keep going higher which leads to me think that was just stop hunting to kill the shorts and then trap the longs that made it possible. Now we were not able to close out today at the highs, so maybe the bears are now trapped. To confirm, we still need to close below the bottom of the current trend channel. Also, positive so far, in after hours, the bulls were not able to move the market above my current entry of 1170 so its a no heat trade right now.
Even if we get profit taking in the morning, that means this could end up a winning trade, we will see.
I was stopped out when ES broke above 1170, but then ES did not keep going higher which leads to me think that was just stop hunting to kill the shorts and then trap the longs that made it possible. Now we were not able to close out today at the highs, so maybe the bears are now trapped. To confirm, we still need to close below the bottom of the current trend channel. Also, positive so far, in after hours, the bulls were not able to move the market above my current entry of 1170 so its a no heat trade right now.
Even if we get profit taking in the morning, that means this could end up a winning trade, we will see.
This journal is a hangout for a bunch of crackerjacks. Reminds me of recess in grade school, lots of running around willy nilly without adult supervision. 
I will admit, in the reviews after the mkt closes, there was real entertainment in some clown calling out single 4 tick moves with no stops etc.......... this was better than some dumpshit reality show.
Maybe i will check back in 6 months and see if the talent improves........."entertainment is over". BYE!!!!!
I will admit, in the reviews after the mkt closes, there was real entertainment in some clown calling out single 4 tick moves with no stops etc.......... this was better than some dumpshit reality show.
Maybe i will check back in 6 months and see if the talent improves........."entertainment is over". BYE!!!!!
Quote from bighog:
This journal is a hangout for a bunch of crackerjacks. Reminds me of recess in grade school, lots of running around willy nilly without adult supervision.
I will admit, in the reviews after the mkt closes, there was real entertainment in some clown calling out single 4 tick moves with no stops etc.......... this was better than some dumpshit reality show.
Maybe i will check back in 6 months and see if the talent improves........."entertainment is over". BYE!!!!!
As a noob for the last 20 years, I saw many shitty traders--especially those who like to talk big. It's these same morons who can't stop preaching but never produce anything themselves to show they actually know what the hell they're talking about. Well, thanks for the boring entertainment.
Ummmmm.... that four tick clown was you!
I'd be willing to bet 90% of those who were long got stopped/forced/panicked out of the market on the 6 th.
After than panic spike, who is left to sell ?
Monday's +45pt gap-up open wiped out the same shorts. Who is left to buy? No one in ES today... TF ran straight up the ladder, ES looked like Ron Jeremy without viagara for two days straight.
Or limp, as it were
Time will tell which way next. Any breaking news shock to these tapes sends it right back down to 1100 handle. Absence of malice in breaking news fashion? Chop-spurt-bleed to 1200s again.
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