ES Journal Archive (2009 - 2010)

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Quote from schizo:

God forbid, if we fall right back down to 1050 tomorrow, it will trip a lot of traders. On that note, geez, who thought we would get sucha strong bounce today?
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Though I'm flat, I will be very upset if we selloff to the 70s- 60s again today. The psychological torture is to bleeping much
 
Quote from Eko_Trader:

Though I'm flat, I will be very upset if we selloff to the 70s- 60s again today. The psychological torture is to bleeping much
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Id be extremely suprised.
Market seems to be in 'up mode'.
 
Quote from TraderZero:

All the more reason for it to reverse course this morning.
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You never know, mate. But ill be very tempted long if we get to around 1080 ish. Ill post as always if i do.
cheers
 
Market will always go up and down, The size of the move and the time is equally important in judging which trades to "Take"

what is important is whether you should trade
- a down move for 10 ticks in 3 hour or
- an up move for 50 ticks in 3 hours. or
- do nothing

One is trend following, One is counter trading, Both utilizes the same size stops, But two different risk/reward ratios.
 
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