ES Journal Archive (2011)
- Thread starter Buy1Sell2
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You got a good attitude so I'll be easy on you.
Until you are capable of buying as well as shorting you going to have major obstacles in trading.
You got to get this notion out of your head that buying is dangerous.
It isn't any more dangerous than shorting.
And for what is worth, this might come out as a shock, but the market has gone up a heck of a lot more in afterhours in the last 10 years than in regular trading hours, INCLUDING the black swan events like Lehman, etc.
A trader goes long and short otherwise it's like a boxer competing with only one arm.
Crazy A
We wont get to 1292 without a major reaction from high 30s low 40s.
Crazy A
Crazy A
I see your point, but wouldn't it be more like a boxer that only uses jabs, as opposed to jabs and uppercuts?
Some traders only trade with the trend. Others only do reversal plays. Others only trade futures. Or equities. Or in US exchanges.
Isn't it in the end about how hard you can hit (and get hit and still stand), rather than how many moves you know?
Not meaning to start an argument, just my two cents.
spx targets, i don't mind buying and selling intraday,just that carrying large short positions overnight have a lot less risk than longs in this market climate,the shit will hit the fan one day and the longs and premium sellers will get killed',i'm happy with smaller profits trading half the mrkt to avoid that one large career ending loss,after that i'll be happy playing both sides again
A big mistake traders often make is interpreting strong volume at an extreme low or high as a building momentum sign (they go with the volume), but in fact, it is often the end of that trend and the smaller retail traders get trapped, hence the lower volume on lower low (or higher high) which often signals the turn.
Not arguments, sometimes Im the only one who understands my own stupid analogies.
Crazy A
Quote from mwingo1135:
I just watched a short squeeze face peel and wanted to share.
Someone out there in trader land put on positions totaling over 1000 contracts while Big Ben was speaking.
What nerve!
Them quants/demdayboyz sprung into action.
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I'm confused !
ES actually dropped from the point you said "Face peel" to the point "stopped shorters".....
so, shorts actually covered and took profit.
I don't see how they got stopped.
Please explain and help me understand this...thks,
The 30s/40s test could coincide with the 200 SMA test in the daily without problems, just needs permission from time for all to fit like a glove.
Crazy A
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