Long 3367,50. Stop @ 3345. Target 3395.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Stop @ B/E now.
Will re-enter long at a better price if stopped.
Note: I can use a wide initial stop, but I won't let a winner turn into a loss if I'm present and can monitor the trade. You can always re-enter.
I am choosing to hold a small position short left over from what I took (11550.00). If goes above 11557.75 I'll take a loss on the remaining.
As mentioned earlier bigger charts are not in the best position to support sustained up moves, so generally up moves will be faded and we will work lower. Just going to wait and see how it plays out from here. Could be wrong nothing is 100%.
If I see anything on ES that changes, I may take a long too. but right now just sticking with this.
It's the same crap as earlier, spending a lot of time in the 11500-11520, loading the bus again and we will see a big move shortly. I think higher probability the move is down this time, but if we start trading above 11520 again and close above it just going to exit my remaining short and probably call it a day.
Yup closing my remaining short and calling it a day, don't feel like trading this anymore or trying to take it long. Did decent enough today despite first trade being a loser. Hope everyone else trades well. Later.
Hey vanzandt. Just for clarification -- so we rally into lunchtime, but if it isn't going to hold (was that what you were suggesting?), isn't that a bull trap, not a bear trap? Just making sure I'm understanding correctly -- not trying to be a pain. Just trying to make sure I understand what your forecast was. I thought a bear trap was when the market starts looking like crap to draw in the bears and then after everyone thinks it's going down, it reverses back up (like what happened yesterday afternoon). Best wishes!
Yeah it was just a 2 or 2.5 hour call... I was actually playing PENN long, not really watching ES, but the tide seems to coincide most of the time. I knew penn was gonna pop, I just figured it was riding the market in general. I like the lunch hour trade on certain days.
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