ES Journal Archive (2011)

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Quote from gmst:

sorry, but imo your trade will not survive afterhours. Let us see
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Please elaborate why you believe a long position at this level will not survive. I am new to trading and would like to find out these nuances. Please let me know; eager to learn.
 
well a red p&l day for me, a 7pt haircut. working on some eur/usd overnight to get it a little less red. staying up for the euro session.

pale ale going to have to wait.
 
Quote from seouljah75:

Please elaborate why you believe a long position at this level will not survive. I am new to trading and would like to find out these nuances. Please let me know; eager to learn.
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Hello, I am new also as far as ES is concerned.

Basically someone else summed it up well. ES has broken through an important psychological level. No reason for it to not go below 1190 frankly, unless some good news comes in from Europe etc.

Also pls read my earlier post on page 3768, where i wrote the reasons for going short at 1206.

Finally, lest you give too much emphasis on what i am saying, in the end its all intelligent guessing on my part, thats the best i can say.
 
Quote from JoshDance:

volente, thanks for messing up the forum page width with a 1500 pixel wide image that shows a 400 pixel wide chart. Awesome.
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Thank the a$$hole that was blind and wanted me to post a chart


Hey mod can you please delete my picture from that post to fix the thread. Thanks
 
Quote from Laissez Faire:


Averaging a loser, i.e., selling a rising market or buying a falling market is ultimately a losing strategy.
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I hear there is a drunk guy at the bar in chit chat that has offered 2 months of proof that your opinion is wrong on this subject
 
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