ES Journal Archive (2009 - 2010)

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LOL. NAILED the original target. I don't trust the EOD boys so left the tgt on the table as my palms got a bit sweaty. Back to larger contract sizes after scaling back down.
 
Quote from schizo:

Even though there's a trendline to contend with, the fact that we've already hit the 200 day moving average twice makes me feel uneasy. While I'm feeling more bullish than bearish at the moment, the last 2 weeks have amply proven that anything can happen. This market is, in one word, sick.
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We bounced off of the TL that I mentioned above. But who would have thought we would close near the bottom with a spinning top formation? So are we reversing yet again or will we break above that TL?

This market kinda turned out the way I envisaged some time ago: A load of crap on steroid.
Quote from schizo:
06-09-10 3:46 PM

Yes, if we drop below 1040, it's almost a given. But I'm getting a strange vibe that we'll just muck our way across vast stretches of pure crap (eg. consolidation).

I bet this sonnavabitch will rally back up tomorrow. (And we did in fact shot up, big time)
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Quote from schizo:

We bounced off of the TL that I mentioned above. But who would have thought we would close near the bottom with a spinning top formation? So are we reversing yet again or will we break above that TL?

This market kinda turned out the way I envisaged some time ago: A load of crap on steroid.
More...

Finally felt somewhat orderly for my style today. 5 easy rolling trades.

The last few weeks had me reducing size as I was second guessing what the boys would do around 1530 (central).

We have a pretty good template for filling the AH range lately. Something to consider.
 
We are on bottom of channel.
Chart that I show earlier was on June contract.
On September it even looks narrower.
Long 84.75, stop 74.50, target will be a bit bellow 1110
 
Quote from Pholeuon:

We are on bottom of channel.
Chart that I show earlier was on June contract.
On September it even looks narrower.
Long 84.75, stop 74.50, target will be a bit bellow 1110
More...

have you overlayed eur/usd? I will when I get to a pc. Seeing more deviation lately.
 
If it weren't for the long wick on the daily chart, yeah, I would be feeling pretty bullish thinking this is just another ruse played by the big boyz to squeeze out the weak longs before taking this damn market higher. One thing for sure is that these morons definitely know how to frustrate things. :mad:
 
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