ES Journal - 2016

[Handle123]

Just traded BB with trend in Dax during night as was busy in Euro. Was waiting just before reports in USA for ES trading fade the reports. Tight range but does not mean you can't grind it out. I more than made my 6-7 points for the day and ended 30 minutes after day session open. Green arrow are looking for retracement and just getting in on next bars extremes with trend, Cyan retrace to 18, I love chart patterns Triple extremes or double tight clustered highs/lows, BB with trend, rev bars with vol. Not really hard to make brain think signals, just back test at least 3000 sample size each signal so you breath the signals. TaDa

Starbuck time for this Scalper.

 

[Laissez Faire]

I'm expecting the day high in this area. 15 minutes or so.

 

[Laissez Faire]

A tad too early (30 minutes), but roughly so.

Day low near the close. 2770-71 or so.

 

[recession2016]

if you aren't taking profits here as a bull, you're a greedy pig

 

[Iron.Maiden]

if you aren't taking profits here as a bull, you're a greedy pig

Perhaps some bulls let winners run by trailing a stop and not using fixed targets, certainly I would not call them pigs.

 

[Buy1Sell2]

Holding short position here.

 

[Spectre2007]

Holding short position here.

had a sell signal yesterday on the close.

 

[Zodiac4u]

had a sell signal yesterday on the close.

The sell signal was due to the last 2 daily weak closes on the Crude Oil! From a probability stand point, it was Golden.

 

[Buy1Sell2]

The key will be getting through 2071.50.

 

[der_kommissar]

The "grind higher" market eventually reaches a point where it feels as if there is no longer any trading. Minuscule ranges, VIX at rock bottom levels, etc, etc...It's one of many reasons that I prefer to be a "hit and run" short; if one gets "stuck" short when the market essentially parks itself in the upper range, it's not fun...

The flipside is that longs have multiple opportunities for favorable price excursion away from their entries...and then when it sits in the range it puts no pressure on their longs...Look at this rally from the Feb 11 lows, only a handful of days challenged the longs positions...same thing happened last Oct 1-Nov 3 (and then for about the 5 years prior to that)...Basically the market structure is such that it discourages any sort of short positions from taking hold.