ES Journal Archive (2011)

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Quote from Pekelo:

Hey, what do we call this?

314x8ch.png


Is this the R10? No, that is not it. Maybe T-Day bonanza? Nah.
OK, I got it, this is the lizzard*!! That is what it is.... :)

Just joking of course , but actually since the Height is 9 pts (pretty close to 10) and it supposed to finish tomorrow (T-day) it is all 3 of the above. Predicted 3rd top is 87.5+9, whatever that would be.... The reason I am showing the hourly chart, because it bounced from the SMA.....

Futures already did 6 pts of the 9, but I trust that it would play out on the cash too....

*dragon
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as recently as nov, the spx would have gone up and retraced the ah high plus three,not now, low.low volume ,and it's earnings season....tch...tch..tch
 
Quote from Nexen:

I've been bullish in this journal for hundreds of points and remain bullish.

Markets go up and down, buy the dips for new highs tomorrow.
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Humble pie, the best food for traders. Winning traders think in the present and avoid thinking to much about the future. Beginners want to predict the futures in their trading. When they win, they think it means they were right and they feel like heroes.
 
We need a really big bomb today so pres hussein can bash big banks, big pharma, big insurance, big everything (except pet GE) and get da sympathy needed to keep the reich in tact.

I heard that somewhere, oh yeah, early 30's in a land far away.
 
Quote from Rickshaw Man:

Humble pie, the best food for traders. Winning traders think in the present and avoid thinking to much about the future. Beginners want to predict the futures in their trading. When they win, they think it means they were right and they feel like heroes.
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Quite right.

Retail Trading is a solitary pursuit, where the Trader is constantly confronting his/her own short comings and trying his/her hardest to overcome them and thus move on to the next hurdle of self improvement.

It is a game of probabilities played out to a financially successful conclusion every day/week/month.


One probability is that maybe one or two people in every hundred will be constantly successful in day trading the ES.
This applies equally to those who post trades on this thread and to those who don't, as well as those who have never heard of ET.
 
stopped out of course (late post, laptop battery died on me before I could post)

Quote from Chuck Krug:

short here at 1282.5 stop at 1285 (swing high)
target: 1273.5 (support)
rationale: bounce failure
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