ES Journal Archive (2009 - 2010)

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Quote from startraitor:

Looks pretty cooked here, pullback to sub 800, looking for longs there if we make it, still short. Was not getting taken out till yesterday's highs were blown through.
Look for 795 as the gateway to hell. If we break that, we're again toast (along with you). :D
 
Quote from BoyBrutus:

the fact, that placing an order in ADVANCE ( cause it gives you the execution edge) explains the fact, why there are always more orders in the book, then actual trades. unsophisticated traders think of this fact as spoofing and faking, although this behavior is just normal "
You're spot on, Brutus. Only reason why so many fail in this game is because they're such laggards. Not only do they use lagging indicators, they place their orders at the last minute and almost always bail out too late.
 
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