ES Journal - 2017/2018

[manonfire]

We should be running away to the upside like 3/9 employment report, aapl breaking out and running at ath's.

 

[zenemini]

Really looking strong here> We are going higher today.

I still expect rally to the 2658.50 +/- before the next leg down. I still expect another leg down. But we each have to trade what we see.

 

[manonfire]

Wow this tape is sick, taking the other side if we slip below the 200 again it's lights out, take out yesterday's lows and then some.

 

[mastacoli71]

I still expect rally to the 2658.50 +/- before the next leg down. I still expect another leg down. But we each have to trade what we see.

You made very important point about trade what you see. When I get something engrained in my mind then I am trading what I think. This leads to very poor decision making that includes moving stops.

 

[zenemini]

Wow this tape is sick, taking the other side if we slip below the 200 again it's lights out, take out yesterday's lows and then some.

If you take yesterday's rally and figure that we are going to get a measured move based on that rally from today's low, it takes the ES to 2656 +/- a tick or two before we get that sort of reversal. No sure thing, but happens often enough to keep in your pocket.

 

[mtnrnr]

long 2634.50, first target ~2640.

 

[mastacoli71]

Short 2640

 

[Buy1Sell2]

Intraday sell stops can now be placed below the 2625 line cash.

 

[treeman]

First leg long...

 

[mastacoli71]

Short 2640

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