ES Journal - 2016

Setting itself up to bust through upside.. Price action is what we have seen throughout the low volume bull run post 2008 crash.

Looks like we will resume a low volume low volatility run up. There are no 'panic' triggers in marketplace unless oil is used to hit equities. If oil breaks 30 and starts heading to 27.. Really only thing that can trigger liquidations.
 
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romik said:
I've read a blog by a risk analyst recently and he suggests to not look at trends, but to concentrate on cycles instead, whatever the time frame is being exploited. He conducted a survey, which led him to believe that majority traders have a tendency to follow a trend, a practice that can become an obstacle due to a formation of bias and expectations, instead he advises to look at a chart not looking for a trend, but in a cyclical way.
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Need to know both the trend status relative to historical trend and the move status relative to other moves with the same qualities.
 
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