ES Journal - 2017/2018

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Buy1Sell2 said:
Numerous places. Basically short term trades are on a combo of 5,15,60 and 240. Longer term trades taken on combo of 240, Daily, Weekly and Monthly. I am a trend follower.
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Amen; but when it [any]starts acting crazy on the upside, huge gap up or buying panic..... prefer To tighTen up stops , the best trends dont pull back much, anyway. 50 week moving average can help; IBD uses a 40 week moving average.....................................................................:thumbsup::D:caution::caution::caution::caution::caution:,,:caution::caution:
 
I think you can place a short trade with conviction around this level.. the next move lower doesn't need a catalyst.. something like 2-3% down over the course of a week or two simply to shake out weak hands is no big deal.. no catalyst needed and will be blamed on profit taking. government shutdown this week could add some headline risk..
 
OTCkrak said:
I think you can place a short trade with conviction around this level.. the next move lower doesn't need a catalyst.. something like 2-3% down over the course of a week or two simply to shake out weak hands is no big deal.. no catalyst needed and will be blamed on profit taking. government shutdown this week could add some headline risk..
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I still believe buying dips is the way to go.
 
OTCkrak said:
I think you can place a short trade with conviction around this level.. the next move lower doesn't need a catalyst.. something like 2-3% down over the course of a week or two simply to shake out weak hands is no big deal.. no catalyst needed and will be blamed on profit taking. government shutdown this week could add some headline risk..
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A good start. The call is .7 percent to the good right now.
 
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