ES Journal Archive (2009 - 2010)

[Pholeuon]

Lawrence is right, here is a lot of bitching between manufacturers and exporters about USD exchange rate. It is killing many of them.

 

[kinggyppo]

short spy 111.42 stop .30

 

[kinggyppo]

Quote from kinggyppo:

short spy 111.42 stop .30

flat 111.22

 

[kinggyppo]

any news here nasty reversal?

 

[riskaddict]

Quote from Pholeuon:

Short 1111.75 stop 1122, target 1100,
swing.

Sweet!!

 

[rock34748]

L1104.25; sl1102.0
edit: L1104.75 out 1105.25 screwed up entry

 

[pokito]

Meredith Whitney on CNBC now, says she has not been this bearish in a year.......
she is -
bearish on banks
bearish on housing
-ve on employment picture next year

says market makes no sense to her..

 

[flatron]

1105.25 long.
will add if i need too.

 

[JSSPMK]

Quote from kinggyppo:

I have posted this before this is for newer traders who have never been on the floor. Explains the auction process rather well and how price can move up on lighter volume, watch the first 20-30 minutes. scroll to "jpj follow up discussion"

http://portal.knowledgebase.net/display/2n/articleDirect/index.asp?aid=305237&r=0.1057093

Frustration comes from people's inability to understand that targets are more important than entries. Take a short term ES trader that has 2 point stops & 2 point targets. No way can he survive with a 50/50 expectancy. Why look for an edge if:

a) an edge is so difficult to establish
b) proper money management can be a rewarding substitute to an edge

I've spent years trying to find an edge only to arrive at a conclusion that one does not need an edge & that I don't have enough brain cells.

If a throw of a coin ultimately ends up being a 50/50, then imagine if heads paid x 5 whatever is the loss on tails?

 

[Pholeuon]

Quote from Pholeuon:

Short 1111.75 stop 1122, target 1100,
swing.

Half out at 1105, rest stop lovered to 1110.25, target 1101.