ES Journal - 2023/2024

Long 4014.75. Initial stop 3927.00

 

You've stated you are Long @3915.

Is this new long a scale-up add which affects your overall cost basis, or is it a stand-alone LIFO trade?

 

Stand alone swing trade. Have to set stop far away as we are still in the pullback portion. I'll bring stop up quickly.

 

add another 20 points in red, not my day

 

4000 area looks to be the line in the sand here before the continuation up. Staying long.

 

My call, going down not up.

 

Initially, yes

 

Yeah, right atm, mkt is in trouble imo, I can't see daylight atm.
Metals are in trouble too.

 

I think there is a real possibility of breaking out of the cup and handle on the 5 min cash chart and continuing up in the direction of the trend.

 

My algo says we have 2-3 weeks to go before that.
It's just a rough estimate, this is my newest algo and I lack the experience how to drive it, it will take time for me to get grounded in it.
3900 still my target, err, just a bit higher now.