ES Journal - 2015

this is the easiest trade until 12/16

short high 2080s, buy high 2050s

 

What's easy about it? Price right now is in the low 2070's... half way between your two targets! LOL

Do we go long to reach your area to short? Or do we go short so we hit the low 2050s first and go long from there??

 

wait until it gets near either one, just because the casino is open doesn't mean you have to gamble

 

of course... but you kept shorting on the way up! (takes guts though to keep adding onto a losing trade... shame you covered where you did)

 

yeah that's because i speculated and didn't see where the market was headed

now i see that it's locked in a range, and i'm going to start going long if it gets to mid 2060s and as low as mid 2050s

 

It won't get there

 

i went long 2069 just in case

 

DT UM. Long 2070.00 Initial stop 2067.50 Will take profit at 2074.00

 

not meaning to but in but when a market is dropping always deffer to 15min and 1hr macd. helps keep you in a position longer

if you look at these two charts the techs were suggesting more downside and no reason to exit

 

The need to average a position would indicate that the entry is incorrectly timed.