ES Journal - 2016

Stop raised to 2172.50

 

Stop raised to 2174.75

 

Stop raised to 2176.25

 

4.75 pt gain

 

This should be evidence that stops are not "hunted" and to go ahead and place them where you feel they should be.

 

"They" could have easily grabbed my stop if indeed there was such a thing as stop hunting.

 

If they were successful they would say there is TPs hunting.

 

Day trade short 2180.25 Initial stop 2183.50

 

Still short here with price at 2174.00. The relatively quick move does not lend itself yet for me to move my stop. I'll keep it in place for now. Will I give it all back and have a loss? --Maybe

 

We're well outside lower Bollinger Band this morning, so a bounce back in is to be expected. Staying short though with this.