ES Journal - 2015

Just as the Romik(tm) at 11:01 was good for pullback only, this one may be too. There is no stronger signal in trading than a Romik (tm)
 
There is also one presently on the 5 min bar (1215 bar). There is a minor Romik(tm) on the 15 min bar, but there is no Romik(tm) on the 60 min bar. Look at these different time frames and you will see it.
 
My newbie hunch is that we just end up chopping between 76 and 70. We're moving way too damn slow, which means there's no conviction by the bears.
 
Thus we don't see full reversal until it happens on the 60 and 240 or one of the other signals I use. ---On the 15 we would need a print below 2071.50 for continuation of the current Romik(tm).
 
Without a print below 2071.50 we will likely make an attempt to go higher. This is why a lot of pros would put buy orders in say 2072.50 2072.25 2072.00 2071.75 2071.5 etc with extremely tight stops. The current Romik(tm) is only valid for pull back at present.
 
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