ES Journal Archive (2009 - 2010)

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Hello all, happy new year. I am back after some time without ideas for longer trades (the only ones I post online, normally 5+ es points targets) and a great vacation (vacation which was not forced by a string of losses, thank haven.

I will go out in a limb and sell thios market today:

Short ES 1128.75
stop 1138.50
target: 1121.50
 
Quote from tortoise:

Thanks, ammo. This is interesting...
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Are you kidding? That "chart" is a joke. You couldn't try harder to find resistance. This is just a desperate attempt at rationalizing a flat out wrong market view.

No one in their right mind would draw that trendline. I'll give ammo credit that at least he's still using straight lines to draw channels... but as this market goes more parabolic I'm sure he'll start drawing them freehand through his rose colored lenses.
 
picking tops, or contarian trading is a method u dont like,thats your perrogative,trade any way you like, I'm not familiar with the heckling method
 
ammo, I have been following this thread for quite some time and I appreciate your posts, I may not always agree with you, but you focus on your on trading, not on trying to prove someone else is wrong.....also LC, wave, ASusilovic, volente and others who post their thoughts pertaining to their own trading. Thanks guys. (of course B1S2 also) :)
 
Quote from ammo:

picking tops, or contarian trading is a method u dont like,thats your perrogative,trade any way you like, I'm not familiar with the heckling method
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I don't have a problem with your style of trading. In fact your type is the reason the market has additional "fuel" and creates easy opportunities to for easy money.

You were just inventing resistance and I felt it was morally wrong!! LOL. I am not the trading police but I just thought it was funny. The market has completely broken out to 15 month highs with no signs of slowing down. But you know the old saying:

"Countertrend traders never die, they just fade away"
 
Quote from neversaydie:

ammo, I have been following this thread for quite some time and I appreciate your posts, I may not always agree with you, but you focus on your on trading, not on trying to prove someone else is wrong.....also LC, wave, ASusilovic, volente and others who post their thoughts pertaining to their own trading. Thanks guys. (of course B1S2 also) :)
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Agreed...a lot of gratitude in order
 
Everyone has a different time frame. Ammo's call looks pretty good to me, and since when is a broken support trendline not a decent bet for resistance on re-test? (referring to ammo's chart, corresponding to the channel top on this one.)
 

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