ES Journal - 2017/2018

[Buy1Sell2]

How about now? 200 points off the highs. You had a 150 pts stop loss (that is some skill to "trade" with such stop loss) and you over rode it when proved wrong.

The sum of your last 2 trades currently is 169-116= -53 points, and that is for holding for 4 months....

Oh wait, while I wrote this short post the market dropped another 7 points (at 2733) so make it -60 pts.

Record keeping for journal integrity purposes...

Edit: I promise not to keep editing but below 2720 now...

Market continues to be in massive uptrend. I'm position trading with 2 times leverage.

 

[Pekelo]

Market continues to be in massive uptrend. I'm position trading with 2 times leverage.

Meaning: stop loss removed and averaged down?

 

[Laissez Faire]

Ready to make new lows now, I think.

Targeting at least 2750 below. A full gap fill would be sweet.

 

[Laissez Faire]

Made new lows, but reversed.

Shouldn't go much higher than this if we are to expand below, no?

 

[Laissez Faire]

Rejected the open price and a test of the highs. No rush to sell off yet and very orderly. Let's see if we can trade down to 2750 now.

 

[mbondy]

There is a big seller sitting on the offer at 276.40-277.00 (on SPY). If he gets run over, this market is going back up to the moon in short order.

Still lots of time left today.

 

[Buy1Sell2]

Meaning: stop loss removed and averaged down?

I never average down--ever. Stops can only be mental stops on long term positions. Rather they mean reevaluation areas.

 

[Laissez Faire]

I had 2750 as a 1st target below. Natural with a bounce from here. Could even be a reversal and a bottom on the day.

If I were to bet without risking money, I'd say there's a good chance we'll test yesterday's close at 2731,75 prior to the close. Can have some nice up moves and retracement prior to that though.

 

[Laissez Faire]

One thing is to see it. Another is to trade it.

 

[Spectre2007]

Looking for ES over 3000 ..

Global equities will mean revert into trend.