ES Journal - 2016

[I Know You]

I still feel that this 2020 area is likely the top for this move as I have been saying for quite a while now

Nasdaq had held near -20% from ATH twice, there is an open gap at 5k. Retrace maybe, 5k tag is what I think is coming.

 

[Spectre2007]

No indication to go short yet.. True indication is if 1958 zone busts with conviction.

Otherwise treat it as free money. Pick a point of retrace and go long. (BTFD)

 

[Zodiac4u]

On The 4hr, our channel is 2026 to 1994, tapering towards the sideways direction.

 

[Zodiac4u]

No indication to go short yet.. True indication is if 1958 zone busts with conviction.

Otherwise treat it as free money. Pick a point of retrace and go long. (BTFD)

A deep retrace like this provides plenty motivation to be on the short term sell side.

 

[Spectre2007]

A deep retrace like this provides plenty motivation to be on the short term sell side.

If you treat every trade as a long term trade, higher probability your TP hits, even if it's short term in nature on entry and exit.

 

[Zodiac4u]

If you treat every trade as a long term trade, higher probability your TP hits, even if it's short term in nature on entry and exit.

Trading is personal, as humans we seek our own level of perfection. What works for one doesn't necessarily work for another.

 

[Cswim63]

I get all excited when I see traders trying to pick a top. Just gives me that warm, fuzzy feeling all over. Like watching a car stranded on the train tracks.

 

[I Know You]

I know this journal is based on S&P500, but you can't ignore Nasdaq, not in the age of technology progress.

 

[recession2016]

don't short and be a hero until it's clear that it's time to short

 

[Buy1Sell2]

Always stay with the trend until it proves otherwise. Even though I believe that the 2020 area is the top means nothing. The trend is up until it isn't.