ES Journal Archive (2011)

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Quote from gmst:

will be very happy to hear your counter-arguments. If you can convince me, it will make me a better trader....otherwise i will refute your counterargument with my arguments. Please write whenever you have time....no need to do now if you are busy trading.
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your logic is right on the movement but style of trade will get you killed,or rich,likely the first one,these entry/ exits need to be placed at areas of s/r where there will be a bigger movement coinciding with big money ,everyone on et is just a barnacle on a ship,the object is to spot the ship turning and go with it or get off,never try to run against,when you say be non emotional,you also have to be practical,non imaginative,these computers have no imagination ,only data,you need to find these points and see how the mrkts reacts around them,not around your feel,by the way your feel might work n fx because it's not a feel at all but a keen tool in your brain that recognizes movement that on paper you can't explain,don't apply it to another instrument,that would be projecting that any two woman were alike,couldn't be further from the truth
 
Yesterday I shorted since the open, and went long during that all-green rally when it broke out of the trend line.

After that... all cash!... I've since been trading a little Euro and shorting ES. But very tentative! This market chop isn't so fun, and it's not like we have to trade it.
 
Was wondering where you were B --

I'm a little pissed at myself for not taking the 86 as I called. Would have made a nice little trade so far, locked in a couple of points by now.
 
I swear I tried, but it`s hard for an addict to stay away from the casino. :)

Once again, we failed at that 92-93 zone, just like yesterday. 91,50 is also AH mid.

Still looks like we may get continuation to the upside from here. Maybe consolidating for a while. FOMC minutes in 60 minutes, so that may shake up things a little, yes?

1214,25 should be a reasonable target to the upside.

Is it simply seasonality that makes those of you who do look for an end of year rally here?

The market still appears weak to me, both technically and fundamentally? What will we rally on? Seasonality and herd behavior? That may be all that`s needed, just asking.

PS: Remember that the IHS kind of failed yesterday.

PPS: New short entry at 1214,25? :)
 
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