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ES 12-14-09


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FWIW... the one min proj (2.618= 1106.25) and the 5 min 1.618 is 1105.75, so if i luck out anyway ,i'll exit at 1106.75...
I have lowered my stop to 1111.00
It is so freakin hard to ,wake up , jump in a trade half alsleep and try to post at the same time!.. All i know is that 1113 could very well be the daily high... time will tell!
Just so you know my thought process , i lowered my stop from the usual 3 point starting price to 1111.00 cause i want small risk (going after small profit) but i want it above the last three little swing highs on the one min chart (1109.25,1109.50 and 1110.00)
Originally posted by koolblue

It is so freakin hard to ,wake up , jump in a trade half alsleep and try to post at the same time!.. All i know is that 1113 could very well be the daily high... time will tell!
...Why do i think that 1113 may be the daily high? fridays range 13.75.. today so far 13.25! so 'normalcy' is there any way!
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Well if this trade works out , and i tend to think it may, im going to look like a genius , but the real truth is , it wasnt a very good trade...lol
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Note also in the above chart the small neg divergence on the stochastics. lower stoch. high but sideways movement in price... thats in my favor!
Come to papa ,baby! LOL
the only fly in the ointment is that dam 13 min chart... still looks pretty bullish , 2 hour and 5 min are negative however ,imho! gotta run ... best of luck all! see you tomorrow!