ES Journal - 2014

CoolHandLuke said:
That's interesting I always trade them together with assumption that at some point they must achieve parity due to arbitration.

In this instance, I would expect Nasdaq to rise here to meet the falling DOW and S&P.
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Lost my ass many moons ago when I use to think I was a smart man and use my brain, had to stop that and become a monkey hitting buttons.
 
Handle123 said:
Lost my ass many moons ago when I use to think I was a smart man and use my brain, had to stop that and become a monkey hitting buttons.
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If I was long from way below I'd want to take profit here. IT WAS A FULL RETRACE for gosh sake. If I was a weak long, just bought a few ticks ago I'd be looking to bail on first sign of trouble.
 
CoolHandLuke said:
If I was long from way below I'd want to take profit here. IT WAS A FULL RETRACE for gosh sake. If I was a weak long, just bought a few ticks ago I'd be looking to bail on first sign of trouble.
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I guess I don't look at retraces like most-simple retraces are not going to screw the noobs, only time I can visualize them is using a trendline, price closes on other side of trendline, draws in the breakout traders, I am waiting for where the breakout trader is going to get screwed and I will take other side of their trade. I don't have signals of doing simple trend trading after normal retraces as I couldn't get losing percentages low enough to be able to ave down.
 
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