ES Journal Archive (2011)

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Quote from tortoise:

I feel like the tone on this board took a hard turn the other day, with the sudden appearance of several new posters, all of whom have appear to be quite new to E.T.

Any chance it's really just one person with multiple aliases?
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You busted me. I am emg atticus and jwingo. In between playing with my imaginary friends DEMTDAYBOYZ I spend my time arguing with all of my alter egos and yet still manange to net double digit points every week. Time to take my meds now. :)
 
Quote from volente_00:

You busted me. I am emg atticus and jwingo. In between playing with my imaginary friends DEMTDAYBOYZ I spend my time arguing with all of my alter egos and yet still many to net double digit points every week. Time to take my meds now. :)
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Wasn't talking thinking of you actually, but ok ...
 
Quote from klinckphilip:

I have a question about the upside. I have been trying to catch this and someone mentioned that it would go up today.

I can see that the daily is oversold but how do you determine when it will make its move to the upside?
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Look at a longer term chart such as hourly, notice the symmetrical triangle off an oversold condition after several down days. Oversold bounce is "due"; the double touch higher support (1279.25) at the lower TL is a strong long signal for a range breakout and very likely a trend day.
 
Quote from tycoonman:

you guys think it breaks 1300 tommarow?
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No one really knows what will happen tomorrow, but we made a statement today. Best you can do is analyze the key areas upstairs and downstairs, and forget the hamburger in the middle which is noise.

Shorts have not covered yet, when they do you will notice the no escape no retracement like price action intraday.

We keep testing the 95 area, resistance weakens the more it is tested, same as support.

However, for the time being we have one test of 75 area two tests of 95 area, they are areas, not numbers.

My trade is on long accumulation, the rewards from these levels are outstanding and the risk is minor, 60s/70s hold we are in for a tremendous short squeeze that in all seriousness could take us back to new highs in quite a rapid fashion. Nevertheless, we tested an important support this week and further breaching could signal a major change of a trend, one that in my humble opinion, has yet to come, therefore, I'm considering this downside a retracement in an uptrend and not a reversal. Needless to say, Ive been wrong before and will be wrong in the future, when it happens we just take our stops and move on to the next quality trade.

FoN
 
Quote from klinckphilip:

Thanks. This stuff really confirms what I feel rather than letting myself talk me into jumping back in. I will trade the afternoon if it sets up. But, the overbought oversold signals are mixed so really there is no trade for me right now. I either need to wait until it pulls back to get long(if it does pull back) or wait for the signals to get back in line over time.

Example.... 15min says (no trade or flat)
1hour says (short)
day says (long)

I cant do much with that with my strategy. I have to have the 15min and hour in confirmation. The day is effecting it differently depending on the major direction. But, I have been able to go both ways during the downtrend so not sure how the upside will effect everything.

Really disappointing that almost all the trades I put on went into profit immediately (even if only a couple of tics) but I tried to let them run and that got me.

But, im very happy that I am cured of the stop moving that I use to do. I would be in a way worse position had I moved my stops.
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With your example and my thinking I would stay out.
When in doubt stay out.

I believe that you are noticing the wrong thing with
"that almost all the trades I put on went into profit immediately (even if only a couple of tics) but I tried to let them run and that got me. "

the trend was up.
you were shorting all day - trading against the trend.
review the charts again and you will see where you could have gone long, and look for something that would have -with hindsight - indicated that.
 
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