ES Journal - 2017/2018

[Buy1Sell2]

My current ES range is 2632-2716

Interesting and I am in agreement other than I don't believe we will trade under 2635 today or tomorrow.

 

[Laissez Faire]

60 can be an excellent low risk short entry. Use a tight stop, since we might go higher.

 

[Buy1Sell2]

Unlikely that we would trade below 2650 the rest of today.

 

[Buy1Sell2]

Everything set up for gains from the long side over the short/swing term.

 

[Buy1Sell2]

Absolutely huge move in the offing Mon or Tues so I am staying long hier as I believe that a foundation has been laid for upside movement.

--Underway--

 

[Laissez Faire]

Actually, my data still strongly suggest we trade lower today and at least dip below 2657,00 by EOD.

There's a very small chance this can become an up day (making new highs from here). But odds favour going down still. Let's see what happens.

EDIT: No short signals on the charts at this point though...

 

[Aj2014]

could see 2680 area soon if it doesn't stall around this level I think, which will take my stop. Then i'll have to see whether i'm looking for a new short or rethink things.
This trade did offer me like +10 though which I didn't take. Was looking for a little more! Some good entries recently, but exits haven't been great

 

[Laissez Faire]

Generally, there's a 13 % chance of making new highs at this point. Could be one of those days. A slightly uncommon pattern at this point, as far as I can tell...

 

[Laissez Faire]

Potential targets above:

2681,50
2692,50 (gap fill)

2673,50 (roughly current high) is 50 % gap fill from last Monday.

 

[FriskyCat]

I'll give benefit of the doubt to you and agree, YTD you have "realized" 340 ES points.
But readers should not fall into any sort of "I'm not worthy" mentality, because right now, YTD is 1 week shy of 11 months, and 340 ES points at 50 bux a point is 17,000. Given how much traveling has occurred in the ES, up and down, in the last 11 months... well, 340 points is better than losing.

Be careful not to break your arm patting yourself on the back @B1S2.

I have more faith in Madoff's accountant than this guy's back of the envelope nonsense.