ES Journal - 2017/2018

[mbondy]

We're @ 2613.00. I am going to hold here and will consider taking profits around 2690.

That's a bit presumptuous, all things considered.

 

[truetype]

Not if he also indicates where he'll stop out.

 

[Pekelo]

I was wondering why the sell off stopped at 2550 SPX 2 days ago? Then when I switched the chart's time frame to weekly, I got my answer. That is where the lower BB was. So as a minimum we go up to 2680....

 

[manonfire]

Inside day today, downside continuation and test of Monday's lows likely tomorrow.

 

[ballstaranonymous]

We're @ 2613.00. I am going to hold here and will consider taking profits around 2690.

How many of you came to the conclusion to go long and why aren't they part of the decision to cash in the big winner that's on it's way?

 

[Spooz Top 2]

Regrettably, I implemented trailing buy Stop on 50% of my short position from 2755 Cost Basis... which was hit at 2602... 35 Cars x 153 Handles... I will carry remainder into my target zone 2400-2450 & look to reestablish full position should Bullys Rip it north & kiss that TL as we have plenty of air up top to fill & squeeze remaining shorts.

I`m leery of Inside Day/ Short Term Reversal that was printed today & was precisely why I decided to tighten the reins & trim my size... Gut feel... This game of observation = constant reevaluation!

-Steve

 

[Spectre2007]

Sentiment and price action, still negative. Lot of technical damage done to the pillars of this market. Lot of rebuilding needed. Question becomes at what level will they try to rebuild from. Market has to confirm on the upside and disappoint on the downside, for any traction up.

 

[Spooz Top 2]

Spot on, Spec! I`m rolling the dice here, giving up half of my hard earned position & don`t typically like tweaking when my conviction is overwhelming, like it is now, on this overall set up/ move.
Time will tell if my gamble will pay off... was actually very surprised that my buy stop was tagged, when I arrived home to check the screens.

 

[ballstaranonymous]

Dude, if you are trading what you think will happen tomorrow based on today's bar or yesterday's bar you are going to be in a world of hurt when they squeeze that kempt mullet of yours back to the 80's.

Secondly, there is no such thing as conviction in trading. You spooz you lose. YOU. SPOOZ. YOU. LOSE.

 

[Spooz Top 2]

^ Behave yourself, little dually dude, before I bend you over my knee & spank your little bottom black & blue in front of all these fine folks, Capice?