ES Journal Archive (2009 - 2010)

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I am really thinking of not ever trading CL anymore. I have a valid setup for ES and for forex. I think waiting for the setups, letting the trades breath, and try not to move the stops and targets will improve my trading going forward.

Quote from kinggyppo:

oil not my cup of tea, I don't want Mark Fisher on the other side of
any of my trades. :)
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The big players in oil have access to information that you and I simply don't have, the same could be said for anything. You could probably use that volatility to your advantage for quick scalps. I follow SU suncor, that stock has been chopping in a range for almost a year, the only way to make money there is to sell covered calls.
 
Quote from JSSPMK:

Next 'real' stop is around 1,022 ES, market needs to find it's footing IMO. Weekly averages are strong magnets.
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Oh, c'mon, even a fool would know that the REAL stop is just below 1000.
 
Quote from oraclewizard77:

For options, I can give it a few days so I am not concerned about predicting trend end, and will instead react to what the market does. While not predicting a bull market, I think we are over extended, and all ES trades and SPY trades have been on the long side.

I took 1 GBP scalping short and made 5 ticks. I took no CL trades, it has been a beast. <u>I watched it suddenly waterfall down for like 50 ticks for no reason</u>, and then shoot all the way back up. Not sure how you would even go about trading that or if your stops would have worked if you were on the wrong side.
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You realize we had oil inventories at 10:30 ET, right?
 
Quote from schizo:

Oh, c'mon, even a fool would know that the REAL stop is just below 1000.
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To get to 1000 you need to get to 1020 area first ;) Did I say 1st? Anyway, just IMO.
 
Quote from emg:

still have my bottom estimate in between 450-550 in the ES. i say, the SP bottom before spring 2011.
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Stop being an idiot, will you? Between now and '11 spring there are max. 9 months, 180 trading days. If we really go there we should be dropping 3 pts/day, nevertheless you are taking only LONG swing positions.

So put your money where your conviction is, or stop being a pest! (and you could start to make sense too)

P.S.: By the way, that kind of long term prediction was typical B1S2ish... :)
 
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