ES Journal Archive (2011)

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Quote from noaveragingdown:

I foresee a 18-20% correction is in the technology sector, adjust for the SP500 lesser volatility and that's pretty much how low we will go.

Basically NQ will drop to approximately 1880 from current levels, might be off on the exact top but I'm very confident about the lows.

I'm short from 2358 NQ and looking for below 1900s.

NAD
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This is the NQ short.
 
Quote from Pekelo:

I guess you are right, but those are the ones that are similar. Well, put up the Stoch 10 against the %R 10 and pick the one that gives the better signal... They are either very similar (so it doesn't matter which one you use) or one has an advantage (and that's the one you should use).
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Try comparing a stoch 10 with a %R 10 and you will see what I mean.

Larry Williams was such a great salesman that he tricked people into believing him, without doing their homework and due diligence.

Quite frankly, I do not think very many wannabe Traders have got a clue what is inside an indicator.

They just follow it blindly when it suits.
 
Quote from sosueme:

Quite frankly, I do not think very many wannabe Traders have got a clue what is inside an indicator.
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That is the beauty of it, that it DOESN'T MATTER. Seriously...

I can teach a 6 year old kid how to drive a car. He is not going to know how an engine operates or what a transmission does, but he will be able to drive the car.
I don't know how certain posters make up their trades here, but after watching them for a while, I can copy or fade them profitably...

"Too much knowledge can hurt you." --- Julius Rosenberg
 
Quote from MarketOwl:

A long at 1312 here should be profitable by Tuesday, March 1. Those selling today don't understand trading.
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I'm impressed if you can tell what the market wiil be doing that far in advance. How do you know we are not in a serious correction.
 
Quote from Pekelo:

That is the beauty of it, that it DOESN'T MATTER. Seriously...

I can teach a 6 year old kid how to drive a car. He is not going to know how an engine operates or what a transmission does, but he will be able to drive the car.
I don't know how certain posters make up their trades here, but after watching them for a while, I can copy or fade them profitably...

"Too much knowledge can hurt you." --- Julius Rosenberg
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How much tech knowhow do you think an F1 driver has.
 
An open message to the moderators:

Shouldn't the posts of this journal be limited to live calls, market commentary and trading discussions ?

I don't understand why so much dribble is permitted here.

I know such dribble increases traffic on this site, but this is a high quality thread and possibly the most active thread in ET, it deserves respect and consideration. I think the active traders of this journal deserve such respect.

My 02 cents.
 
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