ES Journal Archive (2011)

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Quote from Rickshaw Man:


Hell a cave man could make money in this market, I really mean that.

But yet everyone has been getting killed for the best part of a year with the exception of one or two posters! It's interesting, isn't it?
 
Quote from Airwaves:

But yet everyone has been getting killed for the best part of a year with the exception of one or two posters! It's interesting, isn't it?

Who's getting killed on this thread? I check in and see some folks taking tight stop losses and a lot of folks making profits :confused:
 
Quote from NoDoji:

Who's getting killed on this thread? I check in and see some folks taking tight stop losses and a lot of folks making profits :confused:






4 posters in this thread are currently underwater anywhere between 3 and 10 points.



The 5 th one was stopped out for -10 early this morning.


I got a feeling my fellow trapped shorts could put a hamper on covering my r10 short at 15,13, and 10 today.
 
Quote from volente_00:

4 posters in this thread are currently underwater anywhere between 3 and 10 points.



The 5 th one was stopped out for -12 early this morning.


I got a feeling my fellow trapped shorts could put a hamper on covering my r10 short at 15,13, and 10 today.

Well, that's what I get for skimming instead of reading the whole book. FWIW, upper Keltner overshoots generally retrace to the 20-day MA.

GL all.
 
good points -
but just because you are under water currently does not mean it will stay that way -

its all in the reality of it i guess

maybe by 1 pm i will be ahead 3 points
 
We are above boolinger on daily and on top of channel. Shorting now is very low risk trade. I do not want say that it must starting falling today but my trade will end positive this is extremely probably. Long position can easily end 15-20 handles in red, no way with short.
 
I truly admire those who can hold short positions "hoping" this market will reverse at some point so that they can make some money...

I could never do that, I am too much of a pussy...and probably this is why I never have big drawdowns...I do get stopped out frequently though...so to each his own I guess...
 
Quote from fseitun:

I truly admire those who can hold short positions "hoping" this market will reverse at some point so that they can make some money...

I could never do that, I am too much of a pussy...and probably this is why I never have big drawdowns...I do get stopped out frequently though...so to each his own I guess...
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i feel its all in the way you handle your leveraged add-ons-

if you have a system that has proven effective

then you have to play it regaurdless of conditions -

the 1 most important thing i personally have learned is never run out of available bullets -

thats why i add 1 for every point against me

so is 1 con runs past by 5 points i add 5 -then you only need a very small retest of the area to get out at b/e or close to what you can handle-
 
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