ES Journal - 2014

Quote from NoDoji:

Kerry, there's no long signal yet.
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Kerry, step away from the screen and wait until there is a day condusive to fading. Right now u r trying to pick bottom that is not there. No telling how far this goes.
 
Quote from pfranz:
I don't know quantitative finance,but in general when I see "best signals" trades they go wrong.We're still far from 49,anyway.
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Not this time.Good call,drownpruf
 
The first key level to watch for a reversal is the 1817 zone. Then you need to watch for an actual reversal setup, IMHO.

I know it's possible to counter-trend trade effectively, but it's not easy and requires years of experience.
 
Quote from ammo:
Quote from ammo:

add 6.75 .. 5 5/8 avg reduce 5.25..add 38 avg 36.81
reduce 29
19.75 bid for reduce on that first virgin ... edit, cxl, will wait for 16
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24 stop on balance
 
Quote from NoDoji:

13.75 is a lower channel line on daily
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It's kind of in the middle of nowhere, though. There's previous R around 1806 if the channel fails.

ADD: These aren't levels to go long, on a trend day like today, they're levels to target profit as each one fails. It's how the shorts would let their winners run (or add to them).
 
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