ES Journal - 2017/2018

[Buy1Sell2]

7 points away from all time high. I'll be holding long here as there is no obvious reason to be short.

 

[rocketman987]

well, you'll be holding thru a drawdown then

 

[rocketman987]

Longed 2930

 

[rocketman987]

exited 2934.50
flipped it short

 

[rocketman987]

shorted another contract 2937.75

2 total ( add more higher or lower if have too)

 

[maximumpossiblesuffering]

shorted another contract 2937.75

2 total ( add more higher or lower if have too)

Is it not better to look for spikes to the upside before shorting? So far, I haven't seen any. We are in a strong uptrend day, so shorting against this trend implies short scalps of less than 5 minutes. Indeed, I will be putting time stops on any short ES positions I take a well as money stops such that my RR is 1:1.

In the alternative, I could simply buy and put a tight stop, say on a five minute low, instead.

 

[rocketman987]

Wow. can't argue with any of that.

I'm staying short, nonetheless.

 

[Spectre2007]

Swing short here in ESZ8 2894.75, TP delta's with any drawdown. Meaning if it goes against me 20 points, the profit level is changed to 20 points.

There was opportunity to take TP at wave high drawdown a few days ago. Drawdown increased as TP target increases.

 

[Buy1Sell2]

7 points away from all time high. I'll be holding long here as there is no obvious reason to be short.

Bingo Bango Bongo

 

[maximumpossiblesuffering]

Bingo Bango Bongo

You've done this trading thing before, haven't you?