ES Journal Archive (2009 - 2010)

+4? (not +3?) You're getting greedy

 

''greed is good'' (apparently) :eek:

 

L 1850

 

1020.00 call buyer, selling ES 1096.50 or better.

 

That was the smart money getting over to the right side...

 

Sold half at 1858.. Stop to B/E rest.

 

cant grumble at +4 for the day, but that drop was such an obvious gift and I bought close to the low tick and only took +4 from it.
Still, not had a losing day in ages now though so wont grumble.
Think im done for the week now anyway.

 

Sold rest 1864... That TL may be broken but I am done for the day..

 

Smart money ? ....Last-ditch attempt to bring ES above 1100.00 in the hope to find a greater fool.

 

I believe it is best to have a neutral bias when trading.