ES Journal Archive (2011)

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Quote from JoshDance:

Why grr? Why don't you just join them and long? You keep looking for shorts, and you're missing all the good stuff in between. Each new top indicates strength, and you keep looking for weakness. Even when it does fall, you will have missed all the easy (by comparison) stuff.

EDIT: there has not been one short that has run 10 points from high to low. Look how many 10+ moves long there have been.
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Grrr because I was holding a short at B/E + 1.

Yes, it sure looks easy in hindsight and I`ve been staying out of the market for most of the day since I knew we were likely to drift higher, but I personally believe we are due for a correction and the R/R is best below at this moment.

Repeated stabs with low risk entries until I catch the turning point is fine with me, since the drop will be way beyond 10 points.

Just my opinion and style of course :)
 

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Quote from Laissez Faire:

Grrr because I was holding a short at B/E + 1.

Yes, it sure looks easy in hindsight and I`ve been staying out of the market for most of the day since I knew we were likely to drift higher, but I personally believe we are due for a correction and the R/R is best below at this moment.

Repeated stabs with low risk entries until I catch the turning point is fine with me, since the drop will be way beyond 10 points.

Just my opinion and style of course :)
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10 x 5 = 50

5 x 10 = 50

2 x 25 = 50

1 x 50 = 50

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You will always miss some trades, if you're counting on THE trade and you miss it, then what?

A smoother equity curve, not only means you will live longer, it also means it will be easier to add size and to compound gains.

He who shall not be named (Jack Hershey, ok, here we go) may be many things, but he actually had a point about fractals and ATRs.

Feel free to tell me to ffff off anytime. In the meantime I will keep repeating myself :D :p
 
if the majority of etf's have to cover on the close(read it somewhere,explaining the last 30 minute move each day)are they long ,been rising all day,or short...the major houses know because of electronic clearing and will squeeze em,on trend days ,uvol dvol ,the one with the advantage usually increases into the close
 
Quote from ammo:

if the majority of etf's have to cover on the close(read it somewhere,explaining the last 30 minute move each day)are they long ,been rising all day,or short...the major houses know because of electronic clearing and will squeeze em,on trend days ,uvol dvol ,the one with the advantage usually increases into the close
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in that case ... here it comes
 
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