ES Journal Archive (2009 - 2010)

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Miyagi having feeling that downward momentum is beginning,
short 16.50(dec)
will add 1 contract short on every up tick to 18.5 for total of 8 contracts


Stops will be scaled at 21.75, 23, and 24,
Targets will remain open, covering at discretion
 
Quote from JSSPMK:

In the US Buffett & Co say there won't be a second dip.
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Ha. :) Warren is always coming out with these type statements. Means about as much as some of Abby Joseph Cohen's past predictions, or..............fill in the blank........Joe Battipaglia. I've never been very impressed with WB's market direction predictions. Not his specialty.
 
Quote from NoDoji:

5 pts in a single trade or "5 easy trades"?

Obviously BOTH. T days are supposed to be EASY. :)

Do we have to trade to the long side?

Obviously. That's what T days are about, a guaranteed UPMOVE. Also, thanks for pointing this out, I forgot to mention this in the Challenge...

I mean, like, if the retail sales news really sucks do we have to wait till DEMTDAYBOYZ return from the pub end of day and join them for the last minute short covering move to net a qualified 5 pts?

Yes, you got it exactly right, babe...
 
Quote from Mr. Miyagi:

Miyagi having feeling that downward momentum is beginning,
short 16.50(dec)
will add 1 contract short on every up tick to 18.5 for total of 8 contracts


Stops will be scaled at 21.75, 23, and 24,
Targets will remain open, covering at discretion
More...

If you were discrete, you'd never be caught uncovered :p
 
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