ES Journal - 2015

3B

 

Wouldn't have seen it on 1min chart, evident on 10 second frame though.

 

Today begins phase 3 of the journal.

 

Today, we have a situation where the 4 hour, and the daily indicate that market should be sold, but the 5, 15, 30 and 60 indicate that a bottom could be in with some upside momentum. Thus, since are trading the 1 min chart, we look for longs.

 

DT long 2087.75 Initial stop 2085.75

 

--DT long 2087.75 Initial stop 2085.75
--Stop raised to 2086.75

 

That chart would be too short for me, but is likely a good confirm

 

--DT long 2087.75 Initial stop 2085.75
--Stop raised to 2086.75
--Stop raised to 2088.25

 

-DT long 2087.75 Initial stop 2085.75
--Stop raised to 2086.75
--Stop raised to 2088.25
--Stopped for gain of .5 pts

 

The 5 min chart is now negative while the 15 remains somewhat positive. A trade on the short side has a slightly better chance of winning