ES Journal - 2015

Buy1Sell2 · Oct 15, 2015

Swing trade Short 2004.50. Initial stop 2020.00 4 to 1 margin

jimmiebarton · Oct 15, 2015

2011, give me a break BS

see you lower

Buy1Sell2 · Oct 16, 2015

Buy1Sell2 said:
Swing trade Short 2004.50. Initial stop 2020.00 4 to 1 margin

Stopped out for 15.5 pt loss

schizo · Oct 16, 2015

Shorties, be careful. This market is itching to go higher. Just my worthless 2-cents.

Buy1Sell2 · Oct 16, 2015

--Swing Trade 4 to 1 margin. Short 2019.50 Initial stop2031.00

schizo · Oct 16, 2015

B1S1, your stop is vulnerable. Should we rally from here, the next price target is around 2034, then 2055... Of course, nothing is written in stone so take my words with a grain of salt.

Stocks4life · Oct 16, 2015

ouch, nice EOD ramp

Buy1Sell2 · Oct 16, 2015

schizo said:
B1S1, your stop is vulnerable. Should we rally from here, the next price target is around 2034, then 2055... Of course, nothing is written in stone so take my words with a grain of salt.

Certainly is. Would like to hear opinions on why the last two trades have not worked.

schizo · Oct 17, 2015

Buy1Sell2 said:
Would like to hear opinions on why the last two trades have not worked.

Resistance was taken out at 2002-ish and you shorted at 2004.50.

romik · Oct 17, 2015

Buy1Sell2 said:
Certainly is. Would like to hear opinions on why the last two trades have not worked.

Apart from price's inability to lock below the level I wrote to you about it is now evident that this bounce has legs. We both look at MACD and it's histogram looks bullish for the time being at least. We all require sentiment to be on our side or to put it more appropriately we need to judge what is either the current sentiment or the likelihood of it changing (I look at histogram for that).

This is what I would like to see. If price is rejected at 2044 zone and falls to 50% of the daily range (2044-1867) and bounces of that zone, then bearishness of monthly chart stands a good chance of being negated.