ES Journal Archive (2009 - 2010)

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There's a bear in there!

And he's gonna eat up people. He's big bad and ugly. Don't know if there are any bulls in town that can take him.

The daily chart spells bear news. Don't try and pick tops and bottoms. You may get it right but the risks are high.
 
Quote from lurefo:

At the time you called it es was trading a bit above 1070, so that would have been a 15pts trade.

Since then it went down 20 handles and it is still underwater.

Would that be a typical R:R trade for you and how much are you usually willing to let the market go against you before you take the loss?

Thanks.
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Hi man,

Daily p/a can be viewed as a flag/wedge formation, if intentions are still bullish & if resistance is breached you know yourself it can spring out big time.
 
Quote from JSSPMK:

Hi man,

Daily p/a can be viewed as a flag/wedge formation, if intentions are still bullish & if resistance is breached you know yourself it can spring out big time.
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Hey, I hope all is well with you...

I agree with you, I've been betting on the long side this morning. I will change my mind if we can't get back above yesterday low/close though...
 
why am i happier making money shorting ES :D

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