ES Journal Archive (2009 - 2010)

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Here is my GUESS at how the action will look today.

(disclaimer - I am not trading until after the announcement and I am looking for a good price to buy)

Grind up until 2:15 - end up close to 89.5 (LOY)

After the usual head bobbing - first leg is down (maybe to 1070?) - next leg is up from there.
 
Quote from Trvlwanderer:

Let me see......I established todays parameters as 1110.50. A break would be a longer and larger position short targetting 1080'. exact target was upon entering 80's and seeing what price would do.

easy day with another half dozen decent scalps and should have been a relatively calm day.

Well let me see what I really did today..............

Second guess and abandon a quality setup.

Chase the setup to a half tick prior to reversal.

Overtrade

Revenge trade

Calling tops

Calling bottoms

"feeling" the late day rally coming (which has burned more than once, hehe) only to see that remain a phantom.

Wow. I get the "meathead of the day" award from any vantage point.

Think I'll drift away with brother Joe Bonamassa and regroup for tomorrow.

:(
More...

http://www.youtube.com/watch?v=kDAQm2qWnYw

time for the slow grind up.
 
Currently long the SPY 110 July call, thinking we may have tested a bottom, and will look for a rally this week. I killed my previous short put July hedge at a $ 7 loss as I no longer believe it will reach my price target.
 
The economy is still in bad shape they already no what the fed will do leave everything as is. So what is keeping this from falling like a rock. I'm as optimistic as they come but I'm also a realist and I can see how bad things really are in the U.S.
 
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