ES Journal Archive (2009 - 2010)

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Well damn, there is going to be a clusterfuck of stops from 52-55. They may end up poppin this sucker to 60-64.

Lets see if the buyers can get the market into the 52-53 area again to start the up move back up.
 
Quote from lurefo:

Or none of them? :D I aways underestimate that last option.

Nah I don't know. I've got a slight preference for the upside but 44 could be touched first as its pretty close so, to me, that's 50/50 :)
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Yes indeed. Its quite possible that both can be hit today or slightly missed, but the market is certainly more vigorous today than yesterday. Lets hope it stays that way till the close.
 
Quote from Anna K.:

Mandel,

you seemed to have so much conviction for this trade, but you exited it so soon? why? Or you always only scalp a few points?

thanks.
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The trade was a speculative short with no real confirmation (at least from the ususal indicators that I use).

The sell-off was pretty sharp, and I took 5pts out of the trade, which is pretty large for my ususal hold. Normally I'll take anywhere from 1.5pts - 4pts for a trade.

Good trading
 
Quote from lurefo:

That part is proprietary :)

But lets put it that way, the tape and the price action in the 56s show a pattern that ususally makes price print again in this zone or higher within the next couple following days. If it does not happen within that timeframe or if price fluctuates away more than 10-15 pts, it is no longer valid.
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job's done.

Ilo, you do the rest to make it print 60. :)
 
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