ES Journal - 2015

The day remains a rough mirror of yesterday. I had to adjust the angle on that last projection as it was mismatched (I spoked of a close around 87, but had the slope end at 84). The bottom of my projection turned out pretty well though.

ESJOURNAL.jpg
 
I like keeping stops close.

Keep your stops close, but your enemies closer? Or the other way around? :)

Tight stops can be nice, but if you're looking to capture larger intraday swings, they may be harmful.

In this case, I'm thinking your stop may be in the middle of a pull back.
 
Keep your stops close, but your enemies closer? Or the other way around? :)

Tight stops can be nice, but if you're looking to capture larger intraday swings, they may be harmful.

In this case, I'm thinking your stop may be in the middle of a pull back.
I don't mind. I embrace getting stopped out.
 
I don't mind. I embrace getting stopped out.

You shouldn't. You should embrace winning. :)

It would suck if you were stopped out at 84, the market reverses at 83 and we head up to 90.

Anyway, any thoughts on a target for the day? Would you agree with me that 90 is in the cards?
 
You shouldn't. You should embrace winning. :)

It would suck if you were stopped out at 84, the market reverses at 83 and we head up to 90.

Anyway, any thoughts on a target for the day? Would you agree with me that 90 is in the cards?
The best thing one can do is learn to like getting stopped out. It is an essential tool and must be fully embraced.
 
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