ES Journal - 2017/2018

Swing short here in ESZ8 2894.75, TP delta's with any drawdown. Meaning if it goes against me 20 points, the profit level is changed to 20 points.

 

We are crossed, I am buying what you are selling.

 

TP is 100 points, I wont hit the exit till than.

 

Bingo Bango Bongo

 

bot 2904.25

 

exit for point & half and....
short same

 

exited -1.25

 

Rolled out of September long @2904.00 for a gain of 115.75 pts and rolled into December long @ 2909.00 with initial stop of 2762.00

 

Why short?

 

its a mature market, since 2014, the money has segregated into fewer and fewer stocks, the broader index, hasn't made new highs. Its a false rally. Plus seasonally negative with elections, trade wars, and politics. The broader index is lagging and hasn't confirmed similar to 2000 and 2008.