ES Journal - 2017/2018

[tiddlywinks]

USD is stable.
US IR's are rising.
Gold is lead.

What does that say for confidence... at this time?

 

[tiddlywinks]

d-head...

Conventional wisdom.

 

[tiddlywinks]

FWIW...

http://www.visualcapitalist.com/7-facts-will-free-fear-stock-market-crashes/

 

[Buy1Sell2]

I'm on a different time frame than most. Market looking very strong here longer term. --Izzy

 

[Buy1Sell2]

I believe great buying opportunities exist here.

 

[mastacoli71]

As a long term position trader (investor) you need to have the stomach for large P&L swings. It works for some, not for others. To each his own.

In the meantime we are down almost 1% after hours. I see the continued uptrend on monthly and weekly charts but weekly looking vulnerable after this 200 pt sell off from high.

 

[Buy1Sell2]

Rolled out of September long @2904.00 for a gain of 115.75 pts and rolled into December long @ 2909.00 with initial stop of 2762.00

As you all know, I do not execute stops overnight in the thinness. I will evaluate tomorrow during the day and decide about whether to stop out during RTH.

 

[Pekelo]

I'm on a different time frame than most. Market looking very strong here longer term. --Izzy

Let's keep the time frame BS to a minimum, shall we? The obvious place was to be short in the last few days, no matter what time frame you use.

Rolled out of September long @2904.00 for a gain of 115.75 pts and rolled into December long @ 2909.00 with initial stop of 2762.00

So you gave back your previous gain and more...

 

[Laissez Faire]

Although one of the scenarios I'm anticipating is a green close for today, I find it highly probable that we'll print 2750 in RTH today.

 

[Buy1Sell2]

Reevaluating today and may stay long or will get out and look to get long again. This selloff is overdone right now.