ES Journal - 2016

[Builder17]

long 38.25
stop 34.25

 

[Builder17]

long 38.25
stop 34.25

stopped

 

[jimmiebarton]

We are stuck right in middle b/w highs Wed and lows Thurs.

Don't think anyone knows which way from here?

Do we test Weds high or Thurs low?

One thing for sure, it's not staying here.

 

[jimmiebarton]

L 1842

SL 1838

Essentially, i'm buying the top; i think enough momentum to punch thru for a few

 

[jimmiebarton]

https://finance.yahoo.com/echarts?s=^GSPC+Interactive#{"range":"5d","allowChartStacking":true}

 

[jimmiebarton]

L 1842

SL 1838

Essentially, i'm buying the top; i think enough momentum to punch thru for a few

exit 1851.75

honestly didn't expect 9, but i'll take it

 

[romik]

View attachment 161790

Still

 

[dartmus]

Got to agree. Risking 200+ pts for 100 pts isn't a good trade, if your target is only 1700 (which doesn't make much sense to me since 1800 is major support) then 1800 is a good place to take your money and run. SPX is still trading within a well defined 1800 - 2100 range, sure it could bust thru this range but odds are it stays in this range until proven otherwise.

romik has a plan.

It's obvious it's a well thought out plan. It doesn't matter if this trade works or fails because in the long run it works more often than not. It's also obvious his critics haven't studied ES from romik's point of view. Everyone criticizing him is doing so thru their own perspective. It will b much more interesting if u guys start looking at a monthly chart and thinking about his plan.

 

[jimmiebarton]

https://finance.yahoo.com/echarts?s=^DJI+Interactive#{"range":"5d","allowChartStacking":true}

over 200 here

 

[jimmiebarton]

i'm worried about a squeeze here