ES Journal - 2016

Credit when you close the trade, the way you trail your stops and use humongous stops it's still way too premature to give credit.

If you are referring to a different trade, then i would apply your very same rules, wheres the call with stop placement?

 

I called the top of the recent move. Has nothing to do with the short trade that I have on.

 

Stop are not humongous. The short that I have on is a position trade. Most advisors will tell folks that a 10 percent is what should be placed. My stop is around 70 points. 10 percent would be over 200 points.

 

Looks like short's party is over, small or big stop

 

Likely the top of this move.

 

i wouldn't be at all surprised if this head and shoulders goes the other way, but as long as SPX doesn't close above 2075 i'm bearish

 

Once again--no cred received. Shame

 

Dont we need to make a lower low, for it to be the top of the move?

 

no

 

that particular upswing is over.