ES Journal Archive (2009 - 2010)

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I've been reading the tape a long time and the one thing that remains constant is that no matter how illogical, price overlaps long are construed as weak support, "reaching"and pounced on, but short, perceived as selling pressure with overabundant supply. Every trade, every leg.

ES is touted as not being subject to market maker manipulation. Don't believe it for a second.
 
Quote from iloveoptions:

Out of the hedge at 891.75

Current position: Long 900.5

Placing a 10% hedge here around 898.25. Great trading today from Lurefo and other real time posters. See you tomorrow.

Current position: Long 900.5 + 10% Hedge from 898.25
 
Quote from satchel:

Looking for 1471 zone. :eek: :cool:

No 1471!

Completely out of this trade, 1448L @ 1446.50, 1 point loss per Flat at 4:15 eastrn rule.

[Nasdaq Comp being up 1.55% and Russ2K 1 percent saved the day.]

Liking the long view continue tomorrow.
 
Quote from my2cents:

06-24-09 09:02 AM
Ask yourself, Do I really know what I'm doing?

Best viewed when downloaded and printed.

Just,
My2¢

Well, do you?

There's so much that needs to be learned.

Just,
My2¢

How the day turned out:

Below - the report that was posted at 09:02 Appears on page 11079
 

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Although gone most the day and only had a few trades, still moving in the right direction - from $13,015 to $13,600.
Was long this morning and then short in the afternoon which could have been very profitable..........just a busier day that kept me away from the screen. Learning that I ways got tomorrow as long as I don't blow out my account.
 
12 or so days ago at 940 I said we were going down. When I was asked for a target, I said, the lower BB which was...


Quote from Pekelo:


....currently around 888 for the SPX.

14uc51t.png


That is 2 for 2! :)

Also make note of the nice SMA bounce from 910. Possible more down coming....
 
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