ES Journal Archive (2011)

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Quote from Laissez Faire:

You`re funny. Don`t you ever have any faith in the trades you enter here? :)

Using a tight stop, it can be very profitable, but I don`t know. Don`t see any strength yet, so I would bet on lower, although it is taking some time.
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I'm looking for Thursday's low to get hit.

No faith in that, either.
 
Quote from bigsnack:

Josh, Looks like a bit like a repeat of that double bottom we talked about right??? :)
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Josh, assuming you got on the trade, please hold it at least till 1195 or maybe all the way till 1210-20ish. I don't think we are going so low again in next 1-2-3 days.
 
Quote from gmst:

Josh, assuming you got on the trade, please hold it at least till 1195 or maybe all the way till 1210-20ish. I don't think we are going so low again in next 1-2-3 days.
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does this advice apply to me as well?:confused:
 
Quote from bigsnack:

Josh, Looks like a bit like a repeat of that double bottom we talked about right??? :)
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Yes and I'm afraid I may have missed the boat. I don't get why buyers as a group don't wait for a retrace here, and then slam it up. They are buying buying buying, and wearing themselves out. Get a few more sellers on board first, and then make them pay.
 
Quote from gmst:

Josh, assuming you got on the trade, please hold it at least till 1195 or maybe all the way till 1210-20ish. I don't think we are going so low again in next 1-2-3 days.
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not saying that we dont go down again, but to me it definitely seems like a possibility that LOD is done. let us see...i hope i am not wrong.
 
Quote from tortoise:

I'm looking for Thursday's low to get hit.

No faith in that, either.
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If the low is in, why not? :)

1/2 gap @ 1205,25, just below.

Not a stretch with regards to the daily average range.

I am however still observing this as retrace in a down trend, so I will be later than you guys to join the long side. Looking to see what happens at 89,75. If we trade that high, I guess the trend formation is no longer valid though, although it still can be a reversal point.
 
Quote from tortoise:

does this advice apply to me as well?:confused:
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yes why not....as i see it, lets say price goes to 1185 and it retraces, you had entered at 1182, you lose 3 unbooked points, but as it seems to me price might go to 1195-1205 so you are looking for 15-25 point runner.

If I am wrong, then yes you lose the opportunity to book potentially 3 points or so
 
Ingenuity on my part hasn't been lacking trying to adapt my strategies to this market. I'll finally come out and say it: a quick, abundant lifestyle free from the average Joe's tax-breaks from this market is no more. Europeans want a bear more than Americans want to traps indecisive Europeans, but the mental dexterity, cunning and outright anti-free-market numeric masturbation needed to make that 35 day A/D line read bear was the last straw. If you claim you're making money in this crap you're an bald-face, devil-owned liar.
 
Quote from zjulian104:

If you claim you're making money in this crap you're an bald-face, devil-owned liar.
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Sour grapes--"if I can't, then no one else possibly can be" .. what it sounds like to me. I did not say I am making money btw, but I'm sure others who are more adept than me are.
 
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