ES Journal - 2015

[artemstreb]

next low, i cover half

 

[artemstreb]

add short ym 996

exit half 947

 

[artemstreb]

add short 90.50

i will exit half 2085.50

 

[artemstreb]

add short ym 974

 

[artemstreb]

will work this lower?

 

[Spectre2007]

Lo

will work this lower?

looks like shorts won't be able to profit.. MM's won't give up money that easily.

 

[Buy1Sell2]

Love this close today going into a 3 day weekend. Trend should continue here--at least that's my view. Staying long.

 

[Buy1Sell2]

My belief is that counter trend trades can be made, but need a very very short leash. Much better to trade with the trend--it's much more forgiving. Averaging trades is a no no. Much better to enter with full position and get stopped out quickly. You can always re-enter later with full position and a small stop again. Just admit when wrong and take another trade. Mind becomes fresh when stopped out and clear thinking can take over.

 

[romik]

I will be looking to short this somewhere, perhaps near the end of the month. Ishmael, have you considered the monthly charts on the indexes? I don't like the way the banks look either, all seem to look toppy IMHO.

 

[Buy1Sell2]

Monthly charts have the long term trend wavering, but uptrend remains firmly intact. Short term bear market that I described turned out to be just that---very short term--basically a correction.