That is the spirit!!! Off of the highs by 110 points and that is a pullback. Screw taking profits, sticking to your guns is way more important!!!
ES Journal - 2017/2018
- Thread starter Buy1Sell2
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That is the spirit!!! Off of the highs by 110 points and that is a pullback. Screw taking profits, sticking to your guns is way more important!!!
In the end, B1S2 will be correct.
He will eventually book some sort of profit on the trade. If he's OK with noticeable give-back, it's his to give back. As long as his reasoning isn't a silly less-than-1-tic-commission-savings, who cares! No matter... position trading is not anything I choose to do.In the end, B1S2 will be correct.
Maybe so but in the main time the market dropped another 10 points between my posts...
Do you know how a 500 points sell off started? With a 100 points sell off...
LOL. Yup, adding zeros to give back is a no-go no-no!
OTOH, if everyone was on the shortterm or intraday money-making side of the market, ET would suffer!!
Looks a lot like the start of 2018, doesn't it...
Yes, there is a good bump, and it shows is vola.
But keep in mind, daily, weekly, and monthly are still intact. The volume (at this time) is not signalling trend change on those time frames.
2780 or so on daily, 2710 or so on weekly. A break -> with volume around those levels changes things significantly imo.
None of that really matters for me... trading intraday, flat EOD everyday.
Trade what is!!The market's corrected roughly 350 and 250 points twice earlier this year without any real 'trend change'. That is, the market resumed it's up trend shortly after...
There you have it. -3,3 % now at 2790...
The worst part about today is that I had this type of scenario in my sights shortly after the open, but it seemed so unlikely (which it is) and I didn't properly capitalize on it.
Hope you guys pulled home a nice profit today.
d-head...Yes, there is a good bump, and it shows is vola.
But keep in mind, daily, weekly, and monthly are still intact. The volume (at this time) is not signalling trend change on those time frames.
2780 or so on daily, 2710 or so on weekly. A break -> with volume around those levels changes things significantly imo.
None of that really matters for me... trading intraday, flat EOD everyday.
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