SPX monthly
ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
SPX monthly reduced. can always overshoot.
happy new year all
never admire another or yourself, the former might lend a weakness for the latter,just a trader ,every method has its ups and downs. The longer you work one, the better it gets ,this method has a lot of room for improvement, regardless of the returns,there are many methods which are less rigid and more adaptive to market conditions. Going forward i will attempt to take small losses earlier into positions and wait for better res areas to re enter rather than holding tight to a side and adjusting,fighting the market til it caves,this journal is about sharing approaches and logic as the market moves and how its applied,any personal comments as to ones p/l reduces the "integrity of the journal",that said ,lost in jan,may and nov,just got stopped out in dec at 44 ,but still up for dec
Quote from trickshot:
If you look at a 20 yr weekly chart of the SPX you see either:
1. a triple top forming
2. a massive bull flag thats going to take SPX well over 2000 if we breakout of it
Place your bets.
Time to bring back my post from early 2013.
SPX @ 1848, getting close to my bull flag target now.
Happy and profitable trading to everyone for 2014! I'll be the first to go out on a limb and "predict" that the market will have another up year with targets on the S&P of 2040 doable. Vola should stay low till the end of 1st quarter, then we should see some fireworks with strong moves in either direction. Best of luck to all.