ES Journal - 2016

I Know You · Mar 18, 2016

Buy1Sell2 said:
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.

I guess 1 bar histo indicates solid intentions

let's see what happens at nasdaq's previous support zone.

Builder17 · Mar 18, 2016

short 35.25
stop 40.25

Builder17 · Mar 18, 2016

Builder17 said:
short 35.25
stop 40.25

stopped -5

Spectre2007 · Mar 21, 2016

Everyone is afraid to sell it .. Worried about getting hosed with range expansion.

Buy1Sell2 · Mar 21, 2016

No reason to take short trades while the trend remains up

Buy1Sell2 · Mar 21, 2016

Certainly we could be near the top, but it doesn't matter. Prudent risk management dictates that trades are taken in the direction of the trend until the trend changes.

Buy1Sell2 · Mar 21, 2016

We use stops that don't hurt us too badly and that are outside the noise.

Buy1Sell2 · Mar 21, 2016

This is the essence of successful trading

Spectre2007 · Mar 21, 2016

Maybe I can exert my telekinesis price action powers to push it over this consolidation zone..

Zodiac4u · Mar 22, 2016

Buy1Sell2 said:
No reason to take short trades while the trend remains up

There is only one reason to take short trades and its called $'s. I do agree with you that the trend is up, but trend days just don't flash yellow and than green for buy and hold.