ES Journal - 2017/2018

Work continuing on the proper stopout level on the 1 minute chart. Information progressing nicely here.--albeit at a cost so far.

 

Out at 2552.25 for 5.5 pts gain

 

Test of the 2530 area goes on here with short trends in both directions and a slight down bias. We may need to probe 2530 several times to see if it will hold. I do believe a string upmove is coming this afternoon thru Thurs

 

Dude, we all have access to the news and the Fed calendar. WTF with this BS. We've all heard of Trump's caving on the border wall and McConnell's $1B slush fund.

 

Let's go ahead and get down there to test 2530 before 3 PM and we can have an hour to react ----

 

Only thing rivaling the body count for equity bulls is the complete carnage in crude oil

 

The level that I am looking at for longs on the 15 min chart is 2570. I may bring that down a bit but that is where I am at now. So, would like to see another test of 2530 and perhaps several and then get moving upwards.

 

2nd test of 2530 area now complete. If it holds after this attempt or several attempts, we will have never entered a bear market. If not then, --------

 

How does 10X leverage and 10 losses in a row work?

 

No long entries yet, IMO. I think we make new lows from here. We're barely down for the day, so there's still much downside potential I think.