ES Journal - 2019/2020

Shorts keep ur stops tight as these are the times where u can smell a trap being set and trapped very easily ...... we are extremely over sold!

 

Bottom may be in for the day.

 

Easier said than done with these 30-point 5-minute bars.

 

Bullys are trying to build out an IHS on the 5 & 15 min TFs... fyi

 

We are right where we were 20 days after Trump won the election.
Amazing.

 

I don't use 5 minute bars. Tick bars are adjustable to current volatility. I looked at minute bars over the weekend to try and find some regularity in this action but even the 1 minute didn't work.

 

I don't think we'll see a V-reversal. The drop is too steep.

 

Smart move, buddy... sometimes best trade is to sit & observe... prep for tomorrow’s session!

 

Still, the depth is likely to be much, much wider than normal, isn't it? I'm sure you'd agree that it's not an easy market to trade despite how clean the price looks in hindsight.

 

It's $396 now.