ES Journal - 2015

recession2016 · Dec 7, 2015

this is the easiest trade until 12/16

short high 2080s, buy high 2050s

Stewie · Dec 7, 2015

recession2016 said:
this is the easiest trade until 12/16

short high 2080s, buy high 2050s

What's easy about it? Price right now is in the low 2070's... half way between your two targets! LOL

Do we go long to reach your area to short? Or do we go short so we hit the low 2050s first and go long from there??

recession2016 · Dec 7, 2015

Stewie said:
What's easy about it? Price right now is in the low 2070's... half way between your two targets! LOL

Do we go long to reach your area to short? Or do we go short so we hit the low 2050s first and go long from there??

wait until it gets near either one, just because the casino is open doesn't mean you have to gamble

Stewie · Dec 7, 2015

recession2016 said:
wait until it gets near either one, just because the casino is open doesn't mean you have to gamble

of course... but you kept shorting on the way up! (takes guts though to keep adding onto a losing trade... shame you covered where you did)

recession2016 · Dec 7, 2015

Stewie said:
of course... but you kept shorting on the way up! (takes guts though to keep adding onto a losing trade... shame you covered where you did)

yeah that's because i speculated and didn't see where the market was headed

now i see that it's locked in a range, and i'm going to start going long if it gets to mid 2060s and as low as mid 2050s

romik · Dec 7, 2015

It won't get there

recession2016 · Dec 7, 2015

romik said:
It won't get there

i went long 2069 just in case

Buy1Sell2 · Dec 7, 2015

DT UM. Long 2070.00 Initial stop 2067.50 Will take profit at 2074.00

Buck · Dec 7, 2015

not meaning to but in but when a market is dropping always deffer to 15min and 1hr macd. helps keep you in a position longer

if you look at these two charts the techs were suggesting more downside and no reason to exit

Zodiac4u · Dec 7, 2015

Buy1Sell2 said:
Averaging instead of just using full position with close stops is not a good long term plan. In order to use stops, you must able to admit when wrong. This is critical to successful trading--admitting when wrong and doing it early.

The need to average a position would indicate that the entry is incorrectly timed.