ES Journal - 2017/2018

[mastacoli71]

I’m joking around as well. Best of luck on this move. Hope you are locking some in.

Oh come on, we both know that's just not possible

I'm just having fun with you guys. When the market is down and everyone is jumping on how retarded the longs are, nobody seems to mind... the market is back UP and all of a sudden everyone's sensitive?

@mastacoli71, I seem to remember you scaling into a short earlier this year and then having to eat your position when the market didn't retrace - I actually admired you for that; and I still do, no hard feelings, you've got some steel ones and I respect that. I do, however, think you're going the wrong way again. But I wish you well...

The rest of you can suck it

 

[Aj2014]

L spy 280.66
stop 280

 

[Spectre2007]

Short 2817-20 will keep rolling over at expiry and minimum TP will be the highest drawdown position takes. Or 2530.

 

[volente_00]

I'm currently targeting an 80-90 point sell off on a swing short from 2817-2821

 

[mastacoli71]

Love to see happen in one day but it will take some time.

I'm currently targeting an 80-90 point sell off on a swing short from 2817-2821

 

[Buy1Sell2]

How do you determine that is resistance there. I usually have NT create a permanent line on at prices where the market has failed to break through and fallen back down. Then if market has not gone there for awhile they could act as targets for a long or places to short if market respects them. Last resistance level I have is 2800 which was broken. I have 2777 as firm support now.

Trading is best when viewed simplistically

 

[Aj2014]

I wonder if they open down here or if they put most of it back on so we're flatish by the time we open...

 

[mastacoli71]

I wonder if they open down here or if they put most of it back on so we're flatish by the time we open...

From what I see 2798 will act as short term support. If this holds I am expecting a test of overnight high at open and maybe pushing through that up to 50 day SMA on SPX. I don’t think they are done with squeezing shorts.

I’ve lightened up my short here from 2816 for that reason and will try to keep working this position to capitalize on much larger move down.

 

[Aj2014]

I don't trade futures (only the SPY and also the sp500 CFD spreadbet symbol)

Going long here at 2802 (my spreadbet price)
Stop at 2792

 

[Spooz Top 2]

Perfect close for a Gap North... anticipating a gap n go today... up to 2775-80, next magnetic Fib level... followed by a reactionary move.

R1- 2735-40

R2- 2775-80

R3- 2815- 25

We closed at R3 2815-25 .. Noted back on 10/31... Exactly at the Neckline of a potential powerful IHS... after 7 consecutive updays... Ideal pull back zone as the magnetic pull on Fibs continue to work their magic!

This was the ideal Sell Zone .. Ideal zone to have layed them out.