ES Journal - 2017/2018

[Buy1Sell2]

Price currently 2263.50. Will be watching closely here. Stop remains the same for now.

 

[pinabetal]

Looking to buy here this morning.

Perhaps for a quick scalp of 1 or two points. Odds favor a slide down.

 

[Buy1Sell2]

Price currently 2263.50. Will be watching closely here. Stop remains the same for now.

Although, with the sell stop so near, I don't really need to watch too closely.

 

[Buy1Sell2]

So what is a trader supposed to do?

Take small losses. Take bigger gains. Same rules everyday.

 

[pinabetal]

Rules are designed to win over the long haul, not on individual trades. Successful trading is using PRM to your advantage over a long time. Review of each separate trade's results is meaningless. Thus, rules stay the same on each and every trade.

Do the markets stay the same on each and every day?

 

[pinabetal]

Bulls are trying hard to push it up. Will they succeed? It is doubtful. But then again they may. Uncertainty. Markets gravitate towards uncertainty.

 

[pinabetal]

Now the market is tipping its hand. Bulls are winning.

 

[pinabetal]

If the 8:40 bar closes weak then the bo may be a failed BO. IF if it closes strong then bo will probally continue. There needs to be some follow thru.

 

[pinabetal]

I suppose you didn't grab your profits? Expecting a continuation? There is still buying but the pb is nearing collapsing.

 

[JSSPMK]

Overall trend is up, can continue going up for an indefinite period, IMO just keep getting long.