ES Journal - 2015

Buy1Sell2 · Nov 9, 2015

--Reversed long at 2072.50 Initial stop 2064.50
--Price is 2074.00 Stop raised to 2068.25

schizo · Nov 9, 2015

Laissez Faire said:
2075 is the day's 50% level, but I guess everyone knows that. It's often useful to pay attention to that level on any given day.

Would you not agree 2075 is a bull trap then? I wouldn't be surprised to see the market sell off in the AH and retest the low. Then all the longs panic at the open tomorrow.

Buy1Sell2 · Nov 9, 2015

Inability of the market to close below 64 is not good for the bear case. Bounce will likely be significant in the afterhours. I am keeping my long here.

Laissez Faire · Nov 9, 2015

schizo said:
Would you not agree 2075 is a bull trap then? I wouldn't be surprised to see the market sell off in the AH and retest the low. Then all the longs panic at the open tomorrow.

I've no idea. I don't really do long-term predictions and I don't have any reason to expect a sell-off since I don't follow the macro picture at the moment.

Judging from the daily chart though, it looks like a normal pullback after a long push up. That pullback may continue in the days to come or we may resume the up trend tomorrow. That's all I dare to say.

Eddiemorra · Nov 9, 2015

Eddiemorra said:
trying short here at 71 although not confident as traders much better than I appear to be going long.
Stop is at 73
target at 66
And i'm going out for a beer now, so will see which one got hit when I get home!

edit: dropped a bit as I was writing that!

Back

target was hit for +5

The traders I was watching on another forum got paid on their longs, too, so everyone wins

jimmiebarton · Nov 9, 2015

i could blow this journal right out the water with my trades if I wanted to.

you think schiz can scalp, oh ya you haven't seen me

Buy1Sell2 · Nov 9, 2015

--Reversed long at 2072.50 Initial stop 2064.50
--Price is 2074.00 Stop raised to 2068.25
--Price is 2076.50. Stop raised to 2073.00

Buy1Sell2 · Nov 10, 2015

--Reversed long at 2072.50 Initial stop 2064.50
--Price is 2074.00 Stop raised to 2068.25
--Price is 2076.50. Stop raised to 2073.00
--Price is 2076.75 Stop raised to 2074.00

Buy1Sell2 · Nov 10, 2015

--Reversed long at 2072.50 Initial stop 2064.50
--Price is 2074.00 Stop raised to 2068.25
--Price is 2076.50. Stop raised to 2073.00
--Price is 2076.75 Stop raised to 2074.00
--Stopped out overnight for 1.25 pt gain

Buy1Sell2 · Nov 10, 2015

--DT UM Long 2071.00 Initial stop 2062.25