ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Covering that here: PLUS 5 POINTS
Still holding the 1162.5
Am going long again if it gets down to 1152
Experiement 'airwaves' account is doing really well now. A lot better than my 'main' account, lol
20:1
By 'better' I mean the number of points made. Size is a lot smaller. (I've made quite a few 'long only' trades that I haven'y posted. Its been very very good.)
In fact, its probably better in money aswell! I think im down this week in normal trading! hehe
Quote from Brianharvey:
Some favour! lol
Came within spit of my number and then shot up like i knew it would
I've heard teh 'it's too high' argument lots and lots at around 1000 ES lol.
Never mind. Doubt ill get filled long now so probably just call it a day...
The point, which is understandably not well-received, is that a fill doesn't always mean it's going in your favor. You're an incurable bull... and the Fed / short-termism works in your favor these days.
When the realities of inflation, currency wars or worse hit, the bears will be happy to take your money... as you're doing from them now
Quote from eMiniFreak:
The point, which is understandably not well-received, is that a fill doesn't always mean it's going in your favor. You're an incurable bull... and the Fed / short-termism works in your favor these days.
When the realities of inflation, currency wars or worse hit, the bears will be happy to take your money... as you're doing from them now
Inflation should hurt Treasuries, but <i>help</i> equities, at least in nominal terms; considering the leverage in futures, that should be a net gain.
Even though I agree that the market is forgiving with averagers until is not.
Nooo!
Only just seen this post. I thought you of all people had more sense than that!!
Should just keep going up
Why should inflation on a population with 10% unemployment, stagnant job growth, aging workers, and massive personal / structural debts be a net gain for the market? Inflation (which could get brutal soon, considering the coincidentally lower agricultural yields this season) stands ready to kill us with prices on imports, and that could get really bad if oil goes high, since we need that for both defense and industry.
If we say that Ben dumping money on the market is good for equities just because their prices inflate, it ignores the counter-balance of people not able to buy as much with their dollars. We're a services economy, and we import most of what we buy from other places.
If Geithner is telling the world that you can't count on the American consumers to lift you out of the recession, doesn't that imply that it's even worse when Americans can't buy as much 'cause the clowns in DC can't see past the next election cycle?
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