ES Journal - 2017/2018

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

  1. big mac

    big mac

    this is getting interesting now...to short here?:)

    they could easily run your stop, on a day like today in a blink of an eye
     
    #71     Jan 6, 2017
  2. Buy1Sell2

    Buy1Sell2

    This area 2270 is where the rubber meets the road. Either a breakout above or this is a top either short term or long term
     
    #72     Jan 6, 2017
    Builder17 likes this.
  3. JSSPMK

    JSSPMK

    True and a likely outcome, yet best bang for the buck is going counter on extreme deviations.
     
    #73     Jan 6, 2017
  4. big mac

    big mac

    In ideal world, a nice little drop here so shorts above can get out with nice $ and late longs can get in for next run.

    In the ideal world:)
     
    #74     Jan 6, 2017
  5. ET2017

    ET2017

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    I agree with you. Another bullish sign to support your current view is that first touch on upper bollinger band means more up ahead. So, trying to counter-trend trading here is a risky business.

    In the meantime, I expect market to pull back first before betting on the upside.
     
    #75     Jan 6, 2017
    CBC likes this.
  6. ET2017

    ET2017

    That is based on my experience for years while observing/trading this market.
     
    #76     Jan 6, 2017
  7. big mac

    big mac

    a first touch of an upper BB means higher? touch of an upper BB means overbought according to classic use?

    am I wrong here, or are you using this differently?
     
    #77     Jan 6, 2017
  8. Buy1Sell2

    Buy1Sell2

    I am leaning towards this being the area of a short term top
     
    #78     Jan 6, 2017
  9. big mac

    big mac

    Lets run this higher, and decide next week?
     
    #79     Jan 6, 2017
  10. big mac

    big mac

    Good luck Monday, hope they don't pop your stop:)
     
    #80     Jan 6, 2017