Brian the A/D line is over 2000 and the trend is up -
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
i hope for -2100 here, dont care after 
extremely choppy day playing around with the ON high. Very hard for anyone trying to play that range. (either reversals or breakouts)
Happy to only be down 3.75 points. Likely calling it a week here.
It's been a very good one, despite todays mess.
Cheers
Adding to your shorts in the 70's and 80's from Wednesday?
liquidated all shorts yesterday,flat into today
Indeed. To some, the trend is friend. But to many, the trend is arch enemy.
brian how you determine the stops?
If trading the 15 as your entry and exit chart, you would be relating this chart to the hourly and to the daily. All 3 agree in upside. The long that has blossomed here corresponded with the oversold condition and base that was put in around midday yesterday just above 2075 with recognizable momentum upwards. The same base in oversold conditions was put in at the same time in NQ just above 4410. Taking profit here in ES would be around 24 pts and would be 50 pts NQ. I like to defer to trailing stops outside the noise first and then to strong reversals second. There are signs of reversal , but not huge yet on the 15. However I would not argue about taking the profit here if one so desired. I would not be short though. At least not yet.
this relentless long today so far very obvious
i short ym 18106