ES Journal - 2017/2018

[nickynoes]

I like to try & envision how a move will formulate.... That said, I`m looking for a false move North/ Wyckoff Thrust above the TL & potentially above the 2720 previous swing hi... followed by a quick move straight down to the lower TL/ Support line & a bust straight thru it.

Anyone else want to take a random stab at this upcoming break PA? I would really like to hear
what you guys are expecting as a whole, so don`t hold back... all for fun... until the Scarole is on the line.

I’m wondering if it will be that dramatic. Don’t think it will even trade above 2680. Just downhill from here.

 

[mbondy]

If FOMC is accommodative in their statement, that statement can be used to goose us up pretty high.

Nothing that the Fed has to say is going to loosen monetary policy in the near or long-term. Getting 'goosed up pretty high' by a conveniently placed statement would be a sucker play for people gambling in the market and dip buyers.

 

[zenemini]

G'morning ES traders. Nothing for me yet. Will have to see what T&S looks like if we get a pullback to 2670 or so.

 

[volpri]

What about going long at 2674.50 now?

 

[nickynoes]

What about going long at 2674.50 now?

Go short instead

 

[speedo]

...or better yet, wait until the market gets some conviction

 

[speedo]

10 point regular session range,,,,nothin doing.

 

[mastacoli71]

Snooze fest into fed meeting. Next 2.5 days will most likely be chop suey.

 

[Handle123]

L66.00
ps63.25
added L65.00
opps a loss

 

[Handle123]

L 64.00
ps 59.75
PS changed to 64.25
so
L 64.75
ps 59.75
added 63.75
added61.50
added 60.75
very decent size loss, but followed my rules perfectly and all that matters, the loss is just an outcome of one of thousands of signals, and averaging down to many is a bad way to trade, but when I back test all the signals going back fifteen years on tick data and have over 200k signals and ave down shows very steady results for me with min drawdown, would be dumb of me not continue. For those who are just starting in trading, I do not recommend ave down.

What some can gain from multiple losses is very strong trend when couple divergences don't work, shows to stop taking them. The important thing to remember the goal is not concept of making tons of money but to trade as your system tells you to do and outcomes is the money.