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Short ESH7 1439


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#1 .Blizzard

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Posted 20 December 2006 - 12:34 PM

Stop 1444.5 Target 1434 Close end of day


the third movement is based on the Fibonacci sequence as this "written-out accelerando/ritardando" uses the rhythm 1:2:3:5:8:5:3:2:1.

#2 cycletimer

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Posted 20 December 2006 - 12:49 PM

At the rate this mkt is going you will be very lucky to capture 2 points! Take what you can get, this market has alreaday taken an X-mas vacation!

#3 cycletimer

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Posted 20 December 2006 - 01:31 PM

Stop 1444.5

Target 1434

Close end of day


Boy was I wrong about that! Good trade so far, should be out of any danger of a stop out loss. Won't happen. Go home in the green, Baby!

#4 .Blizzard

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Posted 20 December 2006 - 04:09 PM

Covered at 1434.25


the third movement is based on the Fibonacci sequence as this "written-out accelerando/ritardando" uses the rhythm 1:2:3:5:8:5:3:2:1.

#5 cycletimer

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Posted 20 December 2006 - 06:23 PM

Covered at 1434.25


Great trade! Here's what I did, I went long ES at 1434.50 and exited at 1435.75. I may attempt to trade from the early pre-opening GLOBEX session until about 30 minutes after the open tomorrow. After that I am done until next week and then the same thing, pre-opening until 30 min. after open. My best trading is from 6:15 AM cst until 9:30 AM cst. I can make a nice living during that 3 hour window of time. At least its been that way for the past few weeks. After the first of the year when vol. and momo returns it will be a differnt story, though even then I am done by 1:30 PM cst at the very latest. I hate afternoon trading!