ES Journal Archive (2009 - 2010)

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Forget everything you think you need to know. Only thing you need to understand is who controls 70% of the liquidity in the markets and what their role is and how they operate. Then you will begin to understand why price stops where it does and goes where it goes.

And this hasn't changed for ages. It's been written about in books dating back to the Depression years.
 
Quote from wave:

1185 is a done deal.
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Yep. Heard a few of the guys saying 1200 and 1400 are definitely on the cards too.
Your 1185 (plus a bit more) will do me for today though!

Quote from pocketmoney:

looking for a big payday from this one (1174) due to Tday
Will close it at 1186
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Quote from wave:

Forget everything you think you need to know. Only thing you need to understand is who controls 70% of the liquidity in the markets and what their role is and how they operate. Then you will begin to understand why price stops where it does and goes where it goes.

And this hasn't changed for ages. It's been written about in books dating back to the Depression years.
More...

I thought these were the Depression years, or are they still using the term "Global Financial Crisis"? I don't watch TV anymore, so I wouldn't know.
 
Jobless claims due shortly. Don't ever believe everything you hear in the media. In this business, you need the capability to interpret data and how it will be used by the 70%
 
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