ES Journal Archive (2011)

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Quote from klinckphilip:

I think it was time to wait on both of your last trades. I still have short bias on the hourly and now have a better signal short on the 15min.
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Yeah, I got smacked today.

And the reason I like to take small losses is that one can always get back in at a lower price and make a killing on the next trade. That`s harder when using wide stops. At least when they`re hit :)
 
Quote from Laissez Faire:

Beautiful entry :)

What`s your target?
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Not sure yet. My strategy kind of lets me know as I go. I was projecting 88-91 but if momentum keep up I will keep holding until the end of the day.
 
Quote from klinckphilip:

Not sure yet. My strategy kind of lets me know as I go. I was projecting 88-91 but if momentum keep up I will keep holding until the end of the day.
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The gap fill + PP/50% is complete, but it does look weak.

Perhaps we`ll see 84 or below by the end of the day.
 
Quote from Laissez Faire:

The gap fill + PP/50% is complete, but it does look weak.

Perhaps we`ll see 84 or below by the end of the day.
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Maybe, maybe 81. We will see. There is nothing really stopping it. Just lots of little levels to break through.
 
Quote from klinckphilip:

Maybe, maybe 81. We will see. There is nothing really stopping it. Just lots of little levels to break through.
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Oil is pulling the market down. Oil inventories were way off of the GUESS that was posted.
 
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