ES Journal Archive (2009 - 2010)

short 43.5

 

With QE2 nearing buying dips & pullbacks makes a lot of sense. Prediction is part of the game

 

I have googled this and cannot come across what the gekko pattern is, could you point me to a link?

 

I'm looking at it from this angle for day trading:

Don't hope/Don't predict/React

Are you saying that you would not execute a short under current market conditions?

 

1/3 out 42.25,
stop to 44.25

 

Nice trades, Miyagi san.

Hai.

 

I'm having a hard time believing we won't hit 50 today....finding an entry is giving me the problem though

 

I am less inclined shorting whilst NDX remains well above it's weekly 200 SMA, not to say that shorting is any less lucrative as all depends on personal skills, yet buying dips will be 'easier' considering the whole world expects further inflation rather than deflation. But most importantly it's to do with psychology behind price performance in relation to that SMA.

 

Thanks.

 

I still have to write the separate thread about it, I described it a week ago and we named it (well, I did) here.

I will post the thread soon with examples....