ES Journal - 2013

Quote from Trader.Fighter:

Long ES 48, stop 29, swing long.

Taking advantage of these prices, added more size 44.25.

Intention to add in the 30s as well if allowed, but will honor my stop of 29.

Target Tuesday market close.
 
follow the overnight direction carefully.

while i think some probabilities we end Friday higher, hitting S2 on a monday is not a great start. After two weeks of of left to right in a box action, have a good trend down that has now lasted more than a week. (Last good bullish run or trend of any sort went two weeks). Seykota: “The trend is your friend except at the end where it bends.”

Where is the bend. Why 'leg in'.

good trading to you.

watch the nikkei futes.
 
We finally hit potential main support or about to, watch the fireworks once today's high is taken tomorrow, combined with the relentless bullish Tuesday should be a good short covering day in my most humble opinion.

Thanks for the XLF confluence Ammo, it just adds to my read.

Good trading.
 
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