ES Journal - 2016

Buy1Sell2,

I have a question for you, hopefully you don't take it the wrong way as I mean no disrespect.

If you could not notice today's intraday action reversing the trend, what makes you think you can accomplish the same using daily charts or higher? As it is said that predicting near term is much easier than longer term.

 

Trades need to have close stops.

 

It is easier to predict long term than short term. There was no trend change today intraday or swing

 

Phase 4 of the journal has started out well and will continue in that vein.Search "phase" postings by myself and you will see the phases of the journal.

 

There was, there always is if you search in the lower timeframes.

 

Day trade long 2136.75 Initial stop2133.00

 

As can be seen by the reader, close stops allow you to walk away and enjoy other pursuits. I will look for another day trade opportunity today.

 

---9/19/16---Swing trade long 2136.75. Initial stop 2121.00
---Staying long here with the same stop

 

Out and short on swing trade at 2038.75 . Initial stop is2150.00

 

--I would anticipate a break of 2128 on this bear flag and then a retest of 2100 in the near term