ES Journal - 2017/2018

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pinabetal said:
really? Trend is down from fridays high. Trends have inertia. But of course they have reversals too LOL
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Overall trend is up

Screen Shot 2017-01-23 at 14.57.35.png
 
Buy1Sell2 said:
Yes
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ROFLMAO! Markets are flexible. There are general principles that stay the same. For instance, there will always be Trends, PB, Ranges, Channels, but the way in which each is made is different from session to session as the markets probe for value. We have to take our profits when the getting is good because of that darn "mean" reversion. Don't you just love jumping out on pb after a handsome profit and locking in that profit then entering again if the previous move continues? Markets are flexible and uncertain. We must embrace that uncertainty and accept the fact they we can be wrong at any time. For instance buy 1 sell2 you had a very small actual risk this morning. I figured the odds favored maybe a couple of points profit for you before a slide down. Instead it handed you a handsome 5 or 6 points. Did you take them? Or are you holding thru this pb? If so why? You had a great RR. I would have grabbed it faster than you could say houdini.
 
pinabetal said:
That longterm trend has nothing to do with daytrading or short term trading which is what buy1sell2 is attempting to do. Now if one is investing that long term trend carries more weight.
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Depends on how you go about skinning the cat, I prefer only to look for long signals within an overall uptrend.
 
I gotta go or algofly will be on here chasing me away. See ya'll later bye for now. As MacArthur said ..."i shall return" unless i get banned which i may be on the verge of accomplishing unintentionally. Hope you grabbed your profit buy1sell4
 
Reader---------Markets never change. Price action may change from day to day, but markets are the same , day in and day out. The same rules apply each and every day.
 
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