ES Journal - 2017/2018

Nice bit of yo-yoing that session, +5 followed by -10 then +10.

Difficult pattern to land however it is VERY profitable when it happens. The compounding from that trade is through the roof!

 

I am hopeful of getting there in the next RTH session. We started taking off a couple of hours ago, but I would rather that it happen in RTH.

 

Day trade long 2354.00 Initial stop 2348.50

 

Decreased volatility, triangle pattern on hourly in a pullback. All looks good for more up

 

Limit sell on the day trade entered at 2360.25

 

Out for gain of 6.25 pts

 

Weeks shortened by holidays are 80% bullish, so I expect we are going to be higher by Thursday's close, than at the Monday's open.

 

There is some potential for this to run to 72 today and be at all time highs by Thursday.

 

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Even though its late in the season, SPY 50day moving average is still uptrendng @$233.89,[ema] friday close , and again up-trending today, to. Same for SPXL, SDY, UPRO,QQQ..... If some like 50, 200 day simple moving average$ like IBD does; same for it ; it lags a bit more LOL.[ ES is a bit more rally+ valley ......]

 

3:45