ES Journal Archive (2009 - 2010)

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I think it we will break bellow 116 we will see gap fill on daily very quickly. This triangle needs to solve - and that gap is big magnet.

Edit : Do you feel tension?
 
I am not trading today. As far as I see situation today, we are bouncing between 100 and 200 SMA on SPY. I do not want to be on incorrect side if one of these will break, and I want "support the winnig side". If we will turn down now it will look like double top and it can be very violent.
 
Quote from ehorn:

Do you have a mental or hard stop in mind in case the trade does not go your way?

Thanks,
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My 'stop' is a large percentage of my account.

I am always quite UNDERleveraged, and even when I have been on the wrong side of a VERY RARE strong sustained down move, I have been able to 'trade my way out of it'.

In the meantime, I go through very long periods of taking +3to 5 points everyday on long trades and thus am able to withstand an even bigger move against me as my account grows.

This is how I trade the ES.

I dont trade like this with other instruments, but I have personal beliefs about the upside bias of the ES which governs my decisions.

I imagine Ammo trades in a similar 'style'..?... (although on the short side! (rather him than me!))
 
Quote from volente_00:

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Apex 82 was quite brilliant. I remember his endless calls.
We need more like him in here.

Only a few of us actually post trades.

Id like to see you post some calls Vol! I reckon you know your stuff

:cool:
 
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