ES Journal - 2017/2018

OK----looking now for proper long as we are above 2561.

 

It’s good you are disciplined with stops. This could go A LOT lower today into the close. There are no significant buyers showing up on the tape.

 

I also checked out that Vader guy. To me, what he write seems very vague. Also, this is speaking of my own experience: calling the market and trading it are two very different things.

 

Long for day trade 2562.50 initial stop 2161.25

 

Out for loss of 1.5 pts

 

Long 2555.75 Initial stop 2553.75

 

Going long here is risky. I don't see any buy signals yet.

 

Out for loss of 2.25 pts

 

Consider this:

We're currently down 'only' -1,82 % on the day. Last Monday we were down -2,35 % on the Close and even more intraday.

For today, that would take us down to 40.

Bottom line: We might get a good bounce from the low, but there's a good chance the low ain't in yet.

 

Long 2555.50 Initial stop 2551.00