end of day swing trading(ES)

Bank of Japan policy meeting on Dec 20th.
They are one of the major emini futures buyer on CME.

This could fuel santa rally into the year end.
 
I left a lot of money on the table by selling on Dec 7th. I admit it.
but that kind of upthrust doesn't come by that often, and it is usually a good move to collect cash.

I don't see any sign of market top yet.

There was only one ES retracement in this trump rally so far, and it was about 27 ES points.

waiting for the right moment.
 
now that all three eminis touched all time high, it's time for a meaningful pullback.
trump rally is not over, but every rally should have a selloff that causes maximum confusion among traders.

at what price point will this selloff stop? I have no idea.
but it should last at least 3 days.

if market does not give a selloff, then I have to go back to relax mode again. :(
 
if ES moves sideways or slight upward for the rest of the year, then I think I am done buying dips for this trump rally.

Next January is too risky to buy the dips considering the rally is two months old.

I made 3 trades since Nov, one breakeven two profitable.

Plan is to make 5 or 6 more trades for the next 10 months.

I need to be more selective. missing a trade is better than losing money.
 
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