ES Journal Archive (2009 - 2010)

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They don't like to share. :D

I'm guessing they just keep it bouncing in between the 20/50/200 daily sma until after opex and those longs on the island may be trapped for quite a while.
 
Good trading, you are in the zone today. I took a short from 95.25 to 94.25, but am not able to reverse my bias that easily. I was looking for a bigger fall since I usually get out too early, so wanted to wait for a much lower price to go long.

Quote from schizo:

FLIP LONG 94.25
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Quote from oraclewizard77:

Good trading, you are in the zone today. I took a short from 95.25 to 94.25, but am not able to reverse my bias that easily. I was looking for a bigger fall since I usually get out too early, so wanted to wait for a much lower price to go long.
More...

This was a typical "what the hell" trade, namely, I believe it SHOULD fall but it ain't. So I trade against my initial belief.
 
Ended today with small profit and only 1 trade to the short side on ES. Was waiting for a long trade, but never got the signal. The good news is that I was able to understand my system enough not to take a long trade when the market kept going down in the afternoon.

I guess I did not take a bigger short trade due to thinking that the market trend was up most of the day, and felt that I would only get 1 to 2 points max by counter trend trading.

Instead we got a reversal in the late afternoon that probably killed any stubborn bulls.
 
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