ES Journal - 2016

Spectre2007 said:
I'm looking at 1920, stay long above and short below it. Confluence of trend lines.. and support.
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I watch make or break battles on many different levels, somethings always begin tested until price gets in the zone where the trend is so obvious the tests are insignificant because every pb is automatically hammered. End of month is my favorite day and this month is especially important. I'm certainly not alone in that opinion as every nuance tends to be more accented or polished. I'm not sleeping again until after this close. A-team is on the field.

:)
 
Oil to test 31 .. It's in a 35-30 range till excesses work themselves out.
 

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Intraday buy signal ..1946 last day of the month important to preserve technical picture. Let the algos take you higher to the 200 day sma..
 
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1:1 intraday risk reward ratio..

Long 1946 stop 1926 tp 1966

If bulls want us to head up to the 200 day SMA .. It's over 2000, so ratio is more favorable for longs.

3:1 reward : risk

@ 1926

4:1

@ 1906

5:1

It all depends how much slippage on entries institutions have.
 
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