ES Journal - 2017/2018

Out at 2334.00 for 1 pt loss

 

I am surprised you stopped out. You usually have bigger stops don’t you?

 

Short 2336.25 Initial stop 2350.50

 

The larger stops are much lower leverage.

 

Out 2330.75 for gain of 5.5 pts

 

...^^^ From Friday @ 9:07 am

GTC Buy limit set @ 2310.25 x 20c

I`m perfectly comfortable Long here with potential fill.. complete cost basis @ 2344 x 40c...

This Swing trade position is predicated strictly on technical bounce off of Monthly TL, Measured move from previous existing range 2820- 2600 & Fib Confluence zone off swing Hi/ All time Hi print.

I am completely Bearish on Big Pic overall, as I have been last 8 months.. Re: Diamond Topping Pattern.
https://www.elitetrader.com/et/threads/diamond-topping-formation-2-23-18.318542/

 

Only when he goes long. He'll sit on hundreds of points of open drawdown on longs, but I can tell he is a cautious short. Hard to blame him, everyone was conditioned to expect violent rips higher off of any short term weakness the past 9-10 years.

 

You might have to bite the bullet and play the accordion in your original range projection.

 

Long 2341.50 stop below 38

 

stopped -3.5