ES Journal - 2016

Usually you average in, so what's different this time?

 

anybody watching usd-jpy?

 

whats so wrong with averaging in?

i can't see the future, so i avg the future

 

I didn't say there was anything wrong, I'm asking why you aren't doing it, if you believe it bounces to 1845.

 

oil needs to bottom for any sort of es rally to keep steam

 

ok, good q.

no momentum to gauge. now i'm stuck with the chart. and, i did pretty good today...

and i don';t feel like hanging it all out right now.

it's not one thing

 

I would have been interested in a long here with a tight stop.

 

why don't you cover your short positions and go long then?

 

1845 is not a miracle from here

Monday big ramp

Tuesday big ramp

we're about 50% retrace from there..

draw a line thru 1840, thats the top of Monday, and Tues kinda lied it too

 

the bottom line is can't discount those ramps, imo.

someone was interested enough to buy about 4 bottoms

bottom line is we squirrel our way above 1840