ES Journal Archive (2011)
- Thread starter Buy1Sell2
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Quote from keeptradin':
Having been born in the Motor City and spending almost the full first year of my life there, I have suddenly become a diehard Tigers fan. Especially since the Dolphins suck, and have since I started shaving (early 80's).
Hell if the Tigers make it to the Series I might even buy a hat. Hardcore fan, baby!!
You gotta love em. I was borned and raised in greater metro area. If they go to the Series, I will be searching for tickets!
Where are all those trend traders that say jump on the trend. They should be buying into this recent weakness.
The ones saying why r u getting in front of train, etc....
Quote from keeptradin':
I'm with you on the bearish bias, feels like a down day once the NFP Kool-Aid wears off.
Here's a song for those of us who are bearish today:
http://www.youtube.com/watch?v=rsWw4P7PnTU
Gotta love The Expendables.
The last major swing high was 1190 on 9/27, not that long ago. I thought that 1160.50 would not hold, but now that we've broken that, I would expect deeper retraces and / or trading reversal back to favoring shorts.
leaving an averaged-in losing trade on that's only 5 points away from being stopped-out before an employment report is simply gambling and a rookie move.
First wait for the gap fill (check)
Then wait for the chop (in progress)
Then wait for confirmation and enter with a buy stop above the chop zone or on a pullback to the bottom of the range with a tight stop-loss (we'll see when/if we get there)
All contingent on price action
Always what you see, not what you think
Good luck to both longs and shorts
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