ES Journal Archive (2009 - 2010)

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Quote from wave:

This one gets held to 1091.50...
Keep in mind that they stopped short of 1109 (danger point) a couple of times.

So that is ultimate target.

Wave, I will attempt to put my foot in my mouth by saying we go lower barring any major catalyst on Monday. On a technical front, she looks like she wants to go lower.

Now that I have put myself up for embarrassment, I will call up the boys and see what zip code we're hitting.
 
Geh, very bad week this has been. I knew I shouldn't have traded today.

Recouped some crumbs into the closing though, for what's its worth
 
Quote from newbie463:

but is sure is hard to short when she's down 20 and 30pts from

the after hours high.

I cranked up my platform after the news and actually did short @ 1081.00. It was rather uncomfortable shorting after that move down, but I was looking for a retest of the pre-market low, and put in a 2 pt stop for 5 pt or better target. I was stopped out eventually for a tick. Looks like a 10-point stop and 20-point target was the way to go on that trade :D
 
Quote from schizo:

One thing that strikes out like a sore thumb is that, unlike previous disappointing jobs numbers, we haven't encountered a U-turn. This is potentially very bearish.

So it was. But, damn, was it a painfully slow grind, albeit a down day. Frankly, I overtraded on such a slowass day. I think I would have done much better had I just sat on my ass from the open to the close but as they say, what the hell. All in all, however, I can't complain too much.
 

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i'll teach you newbs something.

no need to thank me.

the slow grind is an illusion.

market moved down 27 ES points from 10:45

if you told someone that was slow, they'd laugh at you. and rightly so.

its only slow because your perspective is distorted. it feels slow ,but its not. the chart looks slow but its not. its your brain that's slow.
 
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