Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
Out 2277.00 for gain of .25 pts
Ill advised trade.
BOOM! B1 used to be a trendfollower.
Unlike the morning session, target 1-3 ticks, but it is easier to get point in afternoon session because of the HFTs but on less volume.
For me, any trade that is on other side of 18sma, ie uptrend and above the 18sma is high risk, so reversion to the mean of uptrend, new highs is the goal of any trader who is long but for me buying too high has less available profits.
Reversion to the mean to me is new recent highs or lows and not the center as the center moves whereas I know where the previous highs/lows are.
Am starting to luv HFTs, get in opposite of where they pushing it with volume, LOL
Long 2277.25. Initial stop 2275.50
Stopped out for 2 pt loss.
Today's ES from two intraday time frames using Radian Mapping
What is it going to look like tomorrow?
Trend day today! Doesn't happen often but there you go. I'd prefer a bit of yo-yoing / rollercoasting myself.
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