ES Journal Archive (2009 - 2010)

Brianharvey · Sep 17, 2010

Could be some very nice updays over the next few weeks.
Annoyed that I closed yestsrdays trade for +5 now, lol.
Hoefully grab another long today though.

dst888 · Sep 17, 2010

Quote from GatlingGun:

Sounds good in theory, but economics works against it... more competition for the same entry and exit means the entry prices get pushed higher and the exits are more fickle and jumpy.

This also discounts the reality that she will feel the pressure of 100s of people depending on her for trade advice... that does subtle to the human psyche that should not be ignored... certainly paying customers should not ignore it...

I unquestionably believe in her abilities as a trader, but for all reasons cited above, I would never execute her trades by proxy.

Now if everyone she has helped with her insightful trading comments contributed a paypal token of appreciation, I'm sure she wouldn't be disappointed with the results.

I agree with some of your points. In order to make the service more useful she may have to choose to trade on ES rather than CL, for ES moves in a little slower pace and it has huge volume and is more liquid, so it would be more practical for this kind of service. For the human psyche and pressure issue, she could start small, say limiting to 50 people first and expand later if everything goes smoothly and successful, or offer a free trial for one week, so she wouldn't feel a big pressure/burden. What makes her program attractive is her trading style that offers the combination of consistent profitability and very low DD. Keep in mind that most people subscribing to this kind of service are novice and these two features are most desirable.

Pekelo · Sep 17, 2010

Quote from Airwaves:

whilst all the suckers think that we are due a drop.

The relentless going up makes it due to a drop, DUH...

The last real drop was 3 weeks ago. Let's revisit that Anek trade again:

TARGETS 1078 (2), 1089 (2), 1134 (1), runner (1).

Well, overnight was 1132...

Brianharvey · Sep 17, 2010

LONG 1134.25

volente_00 · Sep 17, 2010

Quote from volente_00:

in honor of my swinging friend Saliva

short 1129

Stop 1139

Target 1 1122

Target 2 1106

out half at 27.25

stop is now 30.75

volente_00 · Sep 17, 2010

Interesting that globex traded 1122's - 1132's so far.

emg · Sep 17, 2010

Good Morning Traders!

candles · Sep 17, 2010

Quote from candles:

long 1122.5

addingto my long here at 1126.5

emg · Sep 17, 2010

I smell Doomsday!

Picaso · Sep 17, 2010

Quote from Airwaves:

Not looking good
ES likes its UP days in general.
Very bad news will give us a down day though.

Today is expiration day - historically next week should be negative.

Look at expiration of Eurostoxxx and DAX today - before and after.

No volume, European debt spreads widening - with an up market? We'll see.

Glad you're ITM, Airwaves - just saying that while nothing goes up or down forever, sometimes it goes on for long enough to make anyone break.