ES Journal Archive (2011)

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Quote from volente_00:

where is your stop? 90% chance we trade back to your entry or higher in the next 7 trading days
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90% chance?

how did you get that? not being condescending -- just want to learn.
 
Quote from atticus:

My guess is that we see a slight drop at the open on DAX (20-30) and then a bull-reversal taking us to day's highs by the time NYSE opens.
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Thanks for your commentary atticus with information like this I will be ready to take more of your money tomorrow.
 
@volente_00

My stop is currently now @1282 right above a resistance level. They can hit it all they want I have already hit two profit targets and my stop is below break even so even if it reverses I get 7 points on my last two positions.

If the market shows a long I will go long but for right now I am short and will keep holding it until my last target of 1250. My next target is 1265.75
 
Quote from mwingo1135:

@volente_00

My stop is currently now @1282 right above a resistance level. They can hit it all they want I have already hit two profit targets and my stop is below break even so even if it reverses I get 7 points on my last two positions.

If the market shows a long I will go long but for right now I am short and will keep holding it until my last target of 1250. My next target is 1265.75
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my thoughts exactly.
 
Quote from mwingo1135:

@volente_00

My stop is currently now @1282 right above a resistance level. They can hit it all they want I have already hit two profit targets and my stop is below break even so even if it reverses I get 7 points on my last two positions.

If the market shows a long I will go long but for right now I am short and will keep holding it until my last target of 1250. My next target is 1265.75
More...

3:55pm, 104k contract trade at the ask for ES. Someone big covered.
CBOE equity put to call at 0.97. Short is getting crowded.
 
I think we see a flush down -100 or more on the dow then we rally hard to 1295. The last 3 days have been very rotational. We don't bottom like that.

We bottom on capitulation. Once we see a small panic we should rally hard.
 
Quote from julian0625:

I think we see a flush down -100 or more on the dow then we rally hard to 1295. The last 3 days have been very rotational. We don't bottom like that.

We bottom on capitulation. Once we see a small panic we should rally hard.
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Not all bottoms are created equal, also if the worst selling SP500 session in the last 2 years is not capitulation, I don't know what is.

Capitulation may happen slowly does not have to be a one day event, although I do agree, it tends to be brutal more often than not.

FoN
 
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