Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Out Out Out!! 2365.50
Futures not lining up with cash here. Need to stay away until it does. It could be a nice buy for the rest of the day but it doesn't have confirm from cash at the moment. ---Cash rules futures--
Last half hour been selling
The buy signal that I called out earlier I think will end up just being a bounce without legs. I could be wrong but I play by my rules at all times and the futures buy signal is not lining up with cash---at least not for longer term.
If wrong, then that's fine. That's why I use leverage--so I can take trades that hit my parameters for Prudent Risk Management and not worry about missing trades. One of the major features of PRM is legs.
Tempted to buy here but I just don't see legs. We'll see.
I have been just taking shorts on deep retracements, perhaps your "Prudent" aligns with my well back tested risk/reward, I don't see Prudent in much of trading, prudent to me sounds too wishy washy, I go strictly with stats based on past of course.
Gee, ~2359.x short target was hit this morning. Flat Flat Flat!
Equity Futures markets are a snoozefest today.
Long 2364.75 -- 10 X leverage. Initial stop 2345.00
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