ES Journal - 2016

I guess 1 bar histo indicates solid intentions let's see what happens at nasdaq's previous support zone.

 

short 35.25
stop 40.25

 

stopped -5

 

Everyone is afraid to sell it .. Worried about getting hosed with range expansion.

 

No reason to take short trades while the trend remains up

 

Certainly we could be near the top, but it doesn't matter. Prudent risk management dictates that trades are taken in the direction of the trend until the trend changes.

 

We use stops that don't hurt us too badly and that are outside the noise.

 

This is the essence of successful trading

 

Maybe I can exert my telekinesis price action powers to push it over this consolidation zone..

 

There is only one reason to take short trades and its called $'s. I do agree with you that the trend is up, but trend days just don't flash yellow and than green for buy and hold.