ES Journal - 2017/2018

---or not. I really thought we would likely pullback just that extra 5 before ramp up.

 

Vol, can we get to 3000 today? Seriously though--we need to get above 2518 to have a chance at this juncture to break this medium term downtrend.

 

Nope... Rounded bottom on 15/30 min should push us up to my target entry... Im flat core short position , got me at 2472.... from 2566.50... Hoping to get a rally here.

R1- 2499-01

R2- 2517-18

R3- 2530-34

 

Larger TF`s always take precedent over smaller TF`s ... entry & exits.

 

aren't your R2 and R3 fatfingered?

 

Right on cue!

 

Long 2494.75 Initial stop 2460.00

 

Nearly 40 Handle - 5 min bar out of left field to negate right shoulder ... Pretty evident we will be "pushed" up from here... hopefully high enough to start building a new short position.

Going to reward myself & take the next few sessions off.

Good Trading Fellas... Merry Xmas

 

So obvious long area is 2484.50 or thereabouts, also repeats yesterday's fractal on the flagpole spike up. Don't trust patterns like this, bear market rules.

 

Saw these pattern failures all the time in previous bear markets. Just nasty stuff really.