ES Journal Archive (2009 - 2010)

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Nothing but paper sellers into these highs. Local keep pushing it higher. This is different then the normal rallies. Maybe even the institutions can't stop the monster they created!!

These new high is unsustainable due to lack of institutional support. The only thing that matters is the close.
 
Quote from tortoise:

one thing i've learned these past few days ...

when it's es vs. everybody else ...

the fix is in

But when she breaks for realsies it will be carnage. As always going much further then anyone expects. That's the beauty of trends. Thats why days like today are torture for me.

I feel the pain of all you coutertrenders.

Can't wait to be back to daytrading tomorrow.

Would have liked to bank some coin if we got that reversal but this market is like a stubborn horse. Everyone keeps beating it and it won't move at acts like it doesn't care what you do!!
 
Quote from tortoise:

one thing i've learned these past few days ...

when it's es vs. everybody else ...

the fix is in

....and Miller Lite is better than Bud Lite..
 
Quote from flipflopper:

Hmmmmmm

GM says there relationship with Washington is strained.

Maybe Uncle Sam is tapped out?

Could be a selloff catalyst or am I stretching?


al queda could light a nuke in central park and i'm not sure that would be a catalyst for a sell-off.
 
Well, I was impatient today, but after 2 es trades, I am back to break even. I see what I did wrong. What really sucks, is that I had a long order in at 1131, and market did touch 1131, and it never filled me. I guess next time, try to have order in at .25 higher than I think market will go down to. Anyway, if that order got filled, I would have made money today.

Good news was that on my scalp short at 1135 which was an average in to another position, I was thinking to myself I can either take a stop on the 1st position as market broke to new highs, or it may be a failed breakout, and market will go down far enough for me to profit. Well, it was a failed breakout or at least even if market goes higher today, it let me out where I thought it would. Before, I would have either took the stop, or kept adding to the position, instead I treated 2nd position as new order, and set a final stop that I was willing to take a loss on both positions.

Stock trades much better, went long CWS earlier last Friday with 500 shares, and got out of total position with $ 600 profit.
 
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