ES Journal - 2017/2018

speedo · May 23, 2018

Anybody here do CPR ?

speedo · May 23, 2018

Whoever applied the paddles...thank you

treeman · May 23, 2018

Pekelo said:
looking at a possible island reversal. (that would be bearish)

That was narrowly escaped.

Handle123 · May 23, 2018

S 28.00
H&S
tp 4 ticks
PS 27.75
target 25.75

mastacoli71 · May 23, 2018

mastacoli71 said:
Double top on daily with a cash gap down at 2719. I am still short core position from 2657.5 but have been managing by selling weekly puts which has helped avg my cost up. Still believe we will head down into end of May. Hit the BID!!!!!!!!!!!

After that close I am finally out of short. All said and done lost 33 pts on position.

mbondy · May 23, 2018

mastacoli71 said:
After that close I am finally out of short. All said and done lost 33 pts on position.

You did the right thing, imo.
Onward to the next trade...

Laissez Faire · May 23, 2018

Laissez Faire said:
As for long-term/medium-term, I have no idea what's next and don't care either, but this market tends to like filling gaps below before going higher, so I'm thinking that a move down to the 2710 area should be expected regardless of further movement.

Done. And also filled the gap for today with this strong rise into the Close.

If I were to guess on the next move on the daily from here, I'd say up.

mastacoli71 · May 23, 2018

mbondy said:
You did the right thing, imo.
Onward to the next trade...

I do have a gut feeling this is a trap on longs but so goes trading.

Laissez Faire · May 24, 2018

mastacoli71 said:
I do have a gut feeling this is a trap on longs but so goes trading.

Too late now, but didn't you feel it was an alternative to hold it for a few more points and rather bail above 40 if you're looking for a big move?

Could still be forming a top in this area, but long term is merely (uneducated) guessing on my part for fun. It's easier to predict intraday.

mbondy · May 24, 2018

Laissez Faire said:
Too late now, but didn't you feel it was an alternative to hold it for a few more points and rather bail above 40 if you're looking for a big move?

Could still be forming a top in this area, but long term is merely (uneducated) guessing on my part for fun. It's easier to predict intraday.

He was in a losing trade, 4 contracts deep and 60pts in the hole, for like 2 weeks. The sooner he cut that shit the better...