Anything can happen from day to day but this kind of looks like a bull flag pull back in an on going bull market and even if ES pull back to the upper trend line (even if it breaks briefly below it in fact) this looks like the next leg up in a bull ...

And here is the 21348R chart that I use on strong trend days. It is also useful for determining trailing stop location and the health of a swing trade.

Out at 21.50 so the math on a 2 contract position is +10 and +16.5, for an average profit of 13.25 points. That is $1325 on two mini's and $132.50 on two micro's less the commish

This looked like a triple top like I have mentioned in the thread in the past ... I closed 1/2 out at 17.50 for 12.50 points and I have a stop on the last at 2809 for now. Profit target still 2821.50

I got distracted by my thinking and didn't get a chance to post the first chart when it was fresh ... sorry about that. Anyway, ES, I am long and looking for a potential rally to test the morning high at 21.75 ... I have a limit order to take ...

Hey cable guy, I hope you are doing well ... the thread is better when you are posting to it for sure. And Harold, if you are reading along - miss you as well and I hope you are enjoying life as you taught us to do. Hey Folks ... here are two charts ...

ES +3 points/12 ticks on first system trade of the day

Considering one variation of the entry rule change, this current long set up would no longer be considered a long entry and therefore I did not trade it. It may be profitable or not ... doesn't matter. Again I'll go over the rules change tonight

Three trades todaya and as I am up +5 points, I will call it a day. You will see a change here in that due to the gap down I decided to change the profit target to +3 points instead of +4, and that may be a permanent change going forward regardless ...

As I discussed on the blog last night, I decided today to switch to +4 point profit target and let the actual risk stop run for the duration of the trade. It took almost three hours and price came within one tick of the stop, but finally had the 4 ...

I wrote about "wedging" price action on my blog in a post a day or so ago. This would typically have been a buy signal for me, and at some point I will cover how I trade it. For now, I aam only taking the 5,3,3 set ups as they come. We have not had ...

Just exited the second trade of the day with +2.25 points per rules. Price may in the end continue to ideal target, but rules is rules I'll go over the whole day tonight at the blog. New blog address is url (wordpress offered it to me for free, so ...

I was discussing the concept of "Three pushes" market behavior in last night's blog post. Here is a potential for three pushes, or we may have the first higher low of the day which would again put us on the look out for long signals.

It took some patience, but here is the first trade for a +4 point profit at 2Xactual risk I have to say that this is a very relaxed way of trading. You either have a signal or you don't. If you have a signal you place the order. If triggered, you ...

That was a signal bar, but the trade did not trigger. Order as shown has been cancelled and waiting a new signal bar.

May be getting first long signal on the blog system:

3 minute NQ once the opening range broke and set a good thrusting trend direction up, the 9 ema and 21 ema have shown great entries either for swing or for scalps. I'm done for the day ... the second trade of the blog system was just stopped out at ...

Trade is closed with a +4 point profit per rules of system. It may go to original target or reverse to new lows. It does not matter. It is over and done and in the books and now nothing to do but await the next signal. I will compose a post tonight ...

The entry price on the ES long was 2878.50, initial stop was a biggie 3.75 points at 74.75. Stop is now 77.25 or 1.25 points. Target is two times risk or 7.50 points at 2886.