ES Journal Archive (2009 - 2010)

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Quote from ASusilovic:

ES is experiencing same buying program today indentical to the one a couple of weeks ago. The chart is as identical as you have just copied it. Money making machine...

Another reason to think we could make new highs today.
 
Quote from pocketmoney:

tempted to go long here at 860.5 - leaving it for now as happy with my overnight 6 points.

Nice trade here pocketmoney. IMHO, if your emotions come into play after a nice win like this then you''re right, you should take a break and come back once your head is clear.

Trading in a state of euphoria is as dangerous as trading with fear. The result is the same, drawdown.

The objective is to go towards zero emotion trading.

Keep it up, good trading.
 
If we're going to go higher today is the day - imagine what would have happened had the GDP numbers came in inline or better than expectations. All news is good news. If bulls cannot do it today I would expect the bears to finally show up - they have been in hibernation for a while.
 
Quote from Now is Now:

Is it too obvious?

I don't know. I think the short side is crowded with traders betting on a retrace as the market is overbought. As long as there is no strong selling coming in, the short squeeze will continue.
 
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