ES Journal - 2015

Buy1Sell2 said:
Hourly has now exhibited upside reversal. And if personally, I had a day trade on, I would be covering my short here. I would think that the day trader on the 1 and 5 could now look at longs with tight stops.
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Today's action fairly easy to call.
 
Buy1Sell2 said:
No upside reversal signal has presented itself on 15 or hourly yet. We are well outside the lower BB on the daily and so caution on new shorts should be undertaken as it wouldn't take much to have a bounce or intraday trend reversal as folks cover shorts and dippers look to cash in. A new short here would require a very large stop--to encompass a rally and then noise and a downside reversal.
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A new short would definitely have needed a large stop to be successful. Better to enter your trade, if short at levels that are not oversold, so that the stop can be much smaller.-- Or prepare to endure a period of pain.
 
+13.5
-2
-1.5
-1.75
-2
+10
+8.75
-0.75
-3
+5
-3.25
-3
+9.75
-2.25
-2.5
+10
-1.5
-2.5
b/e
-2
-2.5
-2.5
-1.5
-1.5
-2.75
-3.25
-2
-4.75

--------+8.25
 
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