ES Journal Archive (2011)

H&s. 08 to print if 15 holds

 

Third test of the lows in daily soon. Bulls run for the exit last hour?

 

you will always make money trading sim. U are better off not trading sim at all to contain emotion and the word IF

 

never will dare challenge NoDoji to a CL contest but "ISH" did 4 CL trades today, -18, -13 (rats) +60, +36

ES. love it, http://www.youtube.com/watch?v=YyJt05xVUJo&feature=related

MY new plans theme song, from high School days at the "GRILL" on the jukebox 1961

http://www.youtube.com/watch?v=r9hSgs0ITI0 DA Hog has been reliving the best years lately ha

 

Hard to resist that oily stuff

I like how your smallest win was twice your biggest loss. Hard to go broke with that kind of R:R.

ES is rather stuck here. So much good news, it can't sell off, so much uncertainty, it can't rally hard. Sitting right around the old trend line and the 20-day EMA.

 

order cancel. looks like long squeeze formation

 

Yes, ES has the FED at its back. the real question of what will happen when the FED takes the training wheels off of the recovery.

I have a nephew, a pipefitter he drives from Saginaw area, Mich to Toledo, O-HI-O back and fro everyday. A construction V8 pick-em-up truck don't ya know. Must be $800 a month in gas. Price of gas will bite regular folk if this keeps up.

I agree, CL can be fun, it also can be a slippery slope (pun intended). I have to admit, NoDoji has finally drawn me in, kicking and screaming,. but yes, i will trade it. ES, CL, 6E, 6j ..... more than 2 at a time though is a chore. But, not a real scalper so i will manage.

UPDATE: retrace actually turned into a sideways consolidation. trade in "SEGMENTS" combine that with the 20 cross and you have the bird in the hand.....the rest is up to you.

PAY attention: 1509 est, ES still having a hard time taking out that 1317.50 A SHORT?

Sure it is, STOP 1318.00 NO GUTS, NO Glory

 

Well done.

 

For all the heck I give ICFed and Airwaves about only going long ES with no stops, I'm going out on a limb here with you, OW:

Do not short the CL.

Only buy the CL.

Just buy it and set a target 3 points higher.

No stops.

Just buy it.

It's designed to only go up

 

Short @1314,75. Stop @ 1316,25. Targeting a test of the daily lows or possibly lower if momentum should pick up.