ES Journal - 2019/2020

observation not judgement : seems like you consider too many perceptions all at once ?
I go into shutdown mode when my mind gets like this, so I'm learning to simplify data intake..fwiw.

 

We are right at the top of the move here around 2860 and I expect a selloff from here through the end of the week at least.

 

This area is about what I'm looking at..How's your recovery coming along B1 ?

 

If I’m going to fight an intraday trend, give me a wide range bar to fade. There were a few earlier, but it still would have been better to buy the counter trend bar or two and use a tight stop.

Edit: This is on a 5 minute bar chart.
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we had 2 days straight of dumping into the close. Highly unlikely we get a 3rd.

 

Cancelled an order before submission to short MNQ at 7537, but would have only broke even on a time stop. The target of 7527 would have been hit, after all. Another reason trading against the trend is tough.

If I feel frisky, I may now fade a up bar. Bitcoin is kicking up again and is my temporary China stress indicator.

 

I'm looking for the 7505ish area to go long in NQ, and will hold through the close if it gets down to here.

 

Now long MNQ at 7527.00. Stop is 7517.00.

Edit: target is HOD.

Out at 7530.00.

Edit again: Bids did not seem very firm in NQ. Until now.

 

Well, well. A second impulse lower without a new high on NQ. Thank God I didn’t quit drinking!

 

A little bounce was to be expected in this bear market.----More downside will be forthcoming as I described earlier.