ES Journal Archive (2009 - 2010)

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I was shorting, and a 1st I was targeting 2 points real money, then I started to move my stop down, so I decided I would be fine with 1 points since I wanted to get short at a better price, but I could have gotten the 2 points. I am still fine with the trade since at least I held it when it 1st bounced off my target and did not get filled.

I rewrote my trading plan and its now just 2 pages instead of 15 pages. I am going to now trade sim for rest of day.
 
Quote from Attacking Mid:

Seems quiet around here lately. Some of the long-time contributors seem to have quit posting. I miss that. I don't have anything to add - I just enjoy lurking and seeing what folks are thinking/seeing. I occasionally trade NQ or ES, but I usually lose my shirt and go back to trading options, which I seem to do better at.

Perhaps I could start posting my NQ entries as contra-indicators for y'all! My track record of buying right before a dive or selling right before a bull run are pretty remarkable :D

AM.
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People come and go from this thread not sure what happened to buy1sell2 the originator of the thread (is his name a system?) its good to see some new people come in, there is not much to do as volatility has come in, I remember the mkt distinctly not rallying after thanksgiving which was at odds with my expectations, the near term sell off was stopped like a mack truck at 1080. One of the things that amuses me in this thread is that we all seem to have important numbers like 1080 11120 1240 blah blah, the jury is out although another poster was correct about the fib retrace yesterday, does that mean anything? The mkt is a giant Rorshach test with each person seeing what they like. I expect that we drift slightly higher with shallow reversals on the 60 minute chart. Good trading.
 
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