ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from Pholeuon:

This is not normal. For such fall we should have way larger volatility like we have. This fall is managed and controlled, nobody will convince me that it is not true. Island reversal?
More...

This is a lack of bids. If 40 Cash breaks (Which I doubt, even tho I don't buy the ol triple bottom idea), SPX will be down 40 by EOD and Nasdaq close to 90, then the bear party starts
 
Glad, I switched to sim after 2 real money trades that were profitable.

I went long at 1041.50, thinking that market had made the bottom for the day, and then averaged down to 1039.50 since I thought the bottom would hold.

Also, ignored my indicators that did not give any signal in that area, and got stopped out hard.

Then saw market break down below previous lows which I guess is not surprising since trend for the day was short. My trades were counter trend since it looked like we put in a bottom.

Now it looks like the break down, did in fact trap shorts, since the market is now going higher.
 
Status
Not open for further replies.
Back
Top