ES Journal - 2017/2018

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Buy1Sell2 said:
Looks like a nice buy for the rest of the day perhaps. Not surprising---we bounced off of 20 day MA.
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Futures not lining up with cash here. Need to stay away until it does. It could be a nice buy for the rest of the day but it doesn't have confirm from cash at the moment. ---Cash rules futures--
 
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The buy signal that I called out earlier I think will end up just being a bounce without legs. I could be wrong but I play by my rules at all times and the futures buy signal is not lining up with cash---at least not for longer term.
 
If wrong, then that's fine. That's why I use leverage--so I can take trades that hit my parameters for Prudent Risk Management and not worry about missing trades. One of the major features of PRM is legs.
 
I have been just taking shorts on deep retracements, perhaps your "Prudent" aligns with my well back tested risk/reward, I don't see Prudent in much of trading, prudent to me sounds too wishy washy, I go strictly with stats based on past of course.
 
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