ES Journal Archive (2011)

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one of the problems with this whole scenario is that the fed knows they are in uncharted waters,they and the banks have the largest trading acct so we follow them, but in trading the thing to watch is what you dont know, and the possibility of this breaking apart like a party balloon are getting more realistic,every time they add air,do we know that can't happen
 
Quote from ammo:

one of the problems with this whole scenario is that the fed knows they are in uncharted waters,they and the banks have the largest trading acct so we follow them, but in trading the thing to watch is what you dont know, and the possibility of this breaking apart like a party balloon are getting more realistic,every time they add air,do we know that can't happen


Exceedingly tough conditions. Longs for gamblers only.
 
Quote from ammo:

one of the problems with this whole scenario is that the fed knows they are in uncharted waters,they and the banks have the largest trading acct so we follow them, but in trading the thing to watch is what you dont know, and the possibility of this breaking apart like a party balloon are getting more realistic,every time they add air,do we know that can't happen

And while I fundamentally agree with your reasoning, the problem with such thinking is the timing aspect that we as traders are dependent on.

Many people were skeptical to QE2 when it were launched (and with good reason it seems), but that did not prevent the markets from going up almost in a straight line for one year.
 
Quote from HedgeItYourself:

Exceedingly tough conditions. Longs for gamblers only.

Depends on your time frame and targets. Best call as usual is to lose a bias that disagrees with what we're seeing, and trade what's on the chart. If a good opportunity presents itself, take it.
 
Quote from JoshDance:

Depends on your time frame and targets. Best call as usual is to lose a bias that disagrees with what we're seeing, and trade what's on the chart. If a good opportunity presents itself, take it.


intraday
 
Quote from macho grande:

COVER ALL SHORTS!

LONG@ 1259.50

LOOOOOOOOOOOOOOOK OUT

You`re still funny.

You had some great trades today, but a recurring pattern seems to be that you get stubborn and do not take a loss after a winning streak, thus giving back profits.

Not judging, it`s something I experience myself time and again. Today, I simply sucked, so I got no excuse. :)
 
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