ES Journal - 2016

"VERY" Bullish looking... Unless there is a drop today. Especially as the H & S is at risk. So many shorted that BEFORE it confirmed on a closing basis.
 

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I was long NQ yesterday but stopped out overnight... Suffered a few long stopouts so too gun-shy and of course blast-off.. So much reversion in indexes. The best time to get into positions may just be overnight.
 
Buy1Sell2,

I think your trailstop failed you again, you were deep in profits, now back in heat, how you let this happen is a mystery to me.

This market is on its way to new highs, I sincerely hope you dont wait til then to take your stop.
 
What one trader considers "deep profits" is not the same as another. He may be trading Weekly/monthly charts.. The lack of a chart or description of trade context doesn't help.. Now IF he didn't make a killing in January/February THEN I think there is a problem.

I remember reading the Douglas books and there is part I didn't think important at the time.... Your mental bias can make you see whatever you want to see, ignoring what is ACTUALLY happening. My small stop in NQ a couple of days ago is me not accepting anything is possible on the long side.
 
Rashid_G. said:
What one trader considers "deep profits" is not the same as another. He may be trading Weekly/monthly charts.. The lack of a chart or description of trade context doesn't help.. Now IF he didn't make a killing in January/February THEN I think there is a problem.

I remember reading the Douglas books and there is part I didn't think important at the time.... Your mental bias can make you see whatever you want to see, ignoring what is ACTUALLY happening. My small stop in NQ a couple of days ago is me not accepting anything is possible on the long side.
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In that case the stop is placed incorrectly because its getting hit.
 
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