ES Journal - 2017/2018

Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.

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  1. Buy1Sell2

    Buy1Sell2

    Market continues to be in massive uptrend. I'm position trading with 2 times leverage.
     
    #6901     Oct 12, 2018
  2. Pekelo

    Pekelo

    Meaning: stop loss removed and averaged down?
     
    #6902     Oct 12, 2018
  3. Ready to make new lows now, I think.

    Targeting at least 2750 below. A full gap fill would be sweet.
     
    #6903     Oct 12, 2018
  4. Made new lows, but reversed.

    Shouldn't go much higher than this if we are to expand below, no?
     
    #6904     Oct 12, 2018
  5. Rejected the open price and a test of the highs. No rush to sell off yet and very orderly. Let's see if we can trade down to 2750 now.
     
    #6905     Oct 12, 2018
  6. mbondy

    mbondy

    There is a big seller sitting on the offer at 276.40-277.00 (on SPY). If he gets run over, this market is going back up to the moon in short order.

    Still lots of time left today.
     
    #6906     Oct 12, 2018
  7. Buy1Sell2

    Buy1Sell2

    I never average down--ever. Stops can only be mental stops on long term positions. Rather they mean reevaluation areas.
     
    #6907     Oct 12, 2018
  8. I had 2750 as a 1st target below. Natural with a bounce from here. Could even be a reversal and a bottom on the day.

    If I were to bet without risking money, I'd say there's a good chance we'll test yesterday's close at 2731,75 prior to the close. Can have some nice up moves and retracement prior to that though.
     
    #6908     Oct 12, 2018
  9. One thing is to see it. Another is to trade it. :)
     
    #6909     Oct 12, 2018
  10. Looking for ES over 3000 ..

    Global equities will mean revert into trend.
     
    #6910     Oct 14, 2018
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