ES Journal - 2017/2018

+4 on 1/3. Stop moved to b/e after price went through 2665.

 

Remainder out +.75 on huge price shock. Net +1.8 pts.

 

There's the first Salvo from the 2655 area. Now on the pullback, it would be important to hold it this time, otherwise looking at 2640

 

Long would be an intraday counter trend move right now.

 

Folks have more interest in the shorter term trades that I make.

 

I would expect a reversal of the current intraday downtrend during the day today with a nice move into the closing.

 

Perhaps one more push down to the 55 area will do it. We are at 58 now.

 

Long 2657.75 Initial stop 2655.50

 

Sell order entered at 2665.75

 

One note I should bring up that I have discussed in the past----Day trades are executed at 10 times leverage whereas outraday days are significantly less. Generally 2 times, sometimes 1