ES Journal - 2015

artemstreb said:
they reluctant to sell here, @close weak players can't hold they aftr hr mrgin

but sell nonetheless they did:)
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You no genius for capitalizing on tbe retrace, if at all, and missing tbe trend though, but if being right is what floats your boat, by all means, keep going, others prefer making money.
 
For a big gap day today was actually pretty good. Usually it's gap-n-crap but there was some good movement until the last 2 hours. The worst days are the big gap up then a slow leak all day long. You never know if the minor pullbacks are a new leg up or just more of the same deterioration.
 
Tech Analysis said:
For a big gap day today was actually pretty good. Usually it's gap-n-crap but there was some good movement until the last 2 hours. The worst days are the big gap up then a slow leak all day long. You never know if the minor pullbacks are a new leg up or just more of the same deterioration.
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This is only a big gap day if you are basing it on lower time frames, we opened within 3 pts of 2/4's lows on the daily, thats hardly a "big" gap.

"slow" anything is bad in my books, the best days for day trading are always the ones with multiple 10+ pt swings, lots of opportunities to make over 100% of ATR.

Those days are hard to come by these days though...
 
Tech Analysis said:
I consider gaps based on the previous day's close.
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A gap is just a visual representation of an area where no trading took place in prior session(s), there is no science behind it (or any other areas of TA for that matter), its a gap if its visible on your chart (could be 1m, 5m or the daily). I don't look for gaps on lower time frames.
 
Although my mid term forecast is bearish, one can not deny the power behind this bull trend.
 

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