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ES Long 4/21/2016, Position Management Thoughts

ES Long 4/21/2016, Position Management Thoughts

S&P 500 E-MINI FUTURES CME_MINI:ESM2016

I see the line at 2096 as a contrived S/R. Same with what's at 2100.

However, at this time, it is safe to move the stop up a couple ticks to 2088.5. That's first.

Second, I set the first Profit Take for 33% at 2101 because of position management rules.

Third, when and if 2101 comes in and my position size is reduced, I will move my stop to breakeven 2091.