Quote from ammo:
he "emg"could be right, oct is right around the corner, what if the biggest players held it up here to get short for after the exp ,boj freaking out ,most of the posts on here are people fighting, there is a change in the air,unless one believes the economy has turned the corner and is about to start another long uphill grind
Quote from Airwaves:
Hi. thanks
Skin was never in danger, lol. It was a 'nothing' drop. I've sat through MUCH worse and came out of it OK
As mentioned (and some people know) I was averaging in all the way down waiting for the bounce and was able to catch a rather large chunk of the bounce from near the lows.
I trade with a UK spreadbet firm so things work a little differently and nothing 'rolls over' when trading this cash market. I am still holding 2 of my original long positions (one currently at about BE and another one losing about 6 handles i think). Although, in the meantime took about 12 days worth of '+3's' and a few '+10's' or so when it was getting way too oversold and i had the confidence to hold out for bigger wins (also at bigger stakes)
I stopped thinking about this as a 'single trade' ages ago, once i was making money on the overall position (a while ago now), which makes it even harder to keep track of! Its just another day to me.
My account tends to grow the most when I am on the wrong side of a move and then im in heavy for the inevitable rebound.
But like I said ages ago, my ES trading style really isn't suited to a trading forum.
I might start posting in the CL journal though, where i trade in a much more 'typically' fashion with smal stops.
cheers
Quote from candles:
Go airwaves, Go! lol
Its still going up. ES Certainly is a strange market. Must drive bears absolutely crazy!! Goes up everyday for months, occasionally some bad news comes out where it crashes for a week, then it rebounds and carries on as before.
Quote from Pholeuon:
What happened in past millenium is not interesting for me, I am not trading enough long. If we compare ES where it was 1.1.2001 we are up or down, what do you think, candles? During that decade we must be way higher, correct? if we consider that they are sometimes kicking out of index stocks with serious problem it should be even higher?