ES Journal Archive (2011)

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*Sen Reid: Has 'Signed Off On Debt Deal' Pending Caucus Approval

*US Rep Schrader:Most Blue Dog Democrats Likely To Support Final Debt Ceiling Compromise

Looks like a vote later tonight...gonna be an interesting open for sure

edit: now they're saying no votes tonight, progressive caucus in house will vote it down

edit #2:

*WSJ: Deal Calls For Votes On Balanced Budget Constitutional Amendment

*WSJ: Debt Ceiling Increases Total $2.4T Increase In Three Stages-Sources

*WSJ: Congress Would Create Committee To Recommend Deficit Cuts Sources

*WSJ: If Committee Fails To Act, Automatic Trigger Would Produce $1.2T In Cuts-Sources

Wow, that seems like a major cave by the democrats, I guess they think they can get enough moderate dems and repubs in the house with that
 
I don't move to BE as soon as I'm in profit. I dont move unless I see it move up and settle into a bottom above my position

Quote from jackson222:

Quickly re-setting stop to BE after slightly green does stop out more often. I tend not to do that because I ask myself has the fundamental reason for placing my trade changed. Your trade bounced back to BE has the reason you placed it in first place been negated? If the entry was good isn't it still good?
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There has been so much back n forth terminology over the weekend. I follow on twitter and every 5 min its, no debt ceiling agreement , now we agree vote tonight, no vote tonight, maybe vote tonight, we agree, ok this morning vote, no agreement, we think it will pass, no downgrade , downgrade likely, ect. I'm about to shut the news down for the whole damn week and just watch the price lol. Which is what I normally do anyhow. Now I remember why I hate the news.
 
Broke out to the upside on a triangle formation that turned out to be a nice little up trend towards my stop :mad: :)

I might have been wrong on this one, but "just in case", I moved my stop to 1308,50.
 
Quote from joneog:



*WSJ: If Committee Fails To Act, Automatic Trigger Would Produce $1.2T In Cuts-Sources
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Dems have to cave or they give up 1.2 in chainsaw cuts against their most sacred cows.
 
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