ES Journal - 2015

[romik]

I don't see why 2120SPX can't at least be touched later today, maybe even broken through (a tad).

 

[Buy1Sell2]

--03/19/15 RTH Reversing long here on a buy stop at 2081.25Initial stop 2074.00
--03/20/15 RTH Price is 2094.50 Raising sell stop to 2086.50
--03/20/15 RTH Price is 2097.00 Raising sell stop to 2087.00
--03/20/15 RTH Price is 2100. Raising sell stop to 2091.00 I will close this trade MOC if not stopped out or manually exited prior to that
--03/20/15 RTH. Exited long at 2104.25
Gain of 23 pts here. Will post an updated journal tally later with the previous losses included.

 

[artemstreb]

I don't see why 2120SPX can't at least be touched later today, maybe even broken through (a tad).

my question to you why SHOULD be touched based on what you see NOW?

 

[artemstreb]

Indeed. To some, the trend is friend. But to many, the trend is arch enemy.

the trend may be your friend,but often friends 'turn' on you,lol

 

[artemstreb]

i add 18106

 

[Buy1Sell2]

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.

Sound like the old days Romy?

 

[romik]

Oh yes

 

[artemstreb]

add 2106 short

 

[Brianharvey]

ss 4457

 

[artemstreb]

i add 18106

exit 18060