ES Journal - 2021/2022

yes--certainly

 

timeframe is weeks to 6 months.

 

Interesting .. so you have an unconventional way of defining trend ..

 

I try to define it in advance. When I say we are in downtrend , I typically mean that I think shorts have a better chance of success. I'm generally early.

 

Ok, I'll ask this question another way. How many days of data do you use to define trend? A few days or do you utilise information going back weeks or months?

 

I typically use weekly charts to define longer term trend. To me, this chart looks like downtrend.

 

1987 crash caused by Robert Prechter when he put out a sell signal.

 

False. The 87 crash happened when James Baker made comments over the weekend that they were going to "let the dollar go"

 

That was a joke, but it was funny during that time how he could move markets. Barron's called
him the 2nd most powerful person in country.

 

Key levels here @ 78/80.

Bullish above.