ES Journal - 2017/2018

[Laissez Faire]

2842 would have been TP but looking for 2800

2800 today, yes?

 

[Spectre2007]

2800 today, yes?

No, lower probability it happens today.

 

[Laissez Faire]

No, lower probability it happens today.

Nice trade, anyway!

2800 is around 3% down. It's happened before. Let's see.

FWIW, I'm flat from an early short and find it hard to take a stance from here. Could be a great buy here...

 

[Buy1Sell2]

I love these kinds of pullbacks in strong uptrends. Staying long unless there is obvious sign of reversal.

 

[_eug_]

I got long yesterdays open. So far blood red.

 

[Laissez Faire]

I love these kinds of pullbacks in strong uptrends. Staying long unless there is obvious sign of reversal.

I asked you earlier what such an obvious sign would be.

At which point do you consider it a reversal and not just a pullback...?

 

[_eug_]

I think a lower high would quality as the end of this up trend which started in March -April. So far only higher highs and higher lows until this last sell off which took out the last higher low. For the uptrend to be over we still need a last rally and a lower high.

 

[Buy1Sell2]

I asked you earlier what such an obvious sign would be.

At which point do you consider it a reversal and not just a pullback...?

A break of support or your number one pattern presenting itself on more than one frame which includes your frame.

 

[Laissez Faire]

3 nice 10 points swings from the lows in succession, but they're getting sold. I suspect we might trade lower yet today.

 

[d08]

Tested the january highs, pretty significant.