ES Journal - 2015

jimmiebarton said:
look, this has been major up all day long...all week long..it's an hour and half b4 close..

who wants to buy here? who wants to take profit here?:D
More...

I don't think that type of reasoning works. Do you?

If so, one could also argue that this point people are afraid of not being aboard on the next leg up, which encourages more buying from here. Remember, markets can go much further than you think (both up and down).

Personally, I like to keep things technical. And based on that, I see more upside today. My system isn't up and running and I'm not really trading ATM, so this is just for fun while working on trading research. But yeah, I think we trade higher by EOD. I've seen this type of day a million times. Shorts keep getting trapped and wants to call the top, while we inch higher and higher. :)
 
The first real short signal has now occurred. However, we are in uptrend on longer frames so will just raise stop. Could get burned--Oh well.
 
--DT UM long 2091.50 Initial stop 2089.25
--Stop raised to 2089.75
--Stop raised to 2090.25
--Stop raised to 2090.75
--Stop raised to 2091.25
--Stop raised to 2091.75
--I've entered a sell order at 2103.50
--Cancelled sell order at 2103.50
--Stop raised to 2096.50
--Stop raised to 2096.75
--Stop raised to 2097.25
--Stop raised to 2097.75
--Stop raised to 2098.00
--Stop raised to 2098.50
--Entering a sell order at 2113.00 OCO
--Stop raised to 2098.75
--Stop raised to 2099.25
--Stop raised to 2102.50
 
You must log in or register to reply here.
Back
Top