ES Journal - 2021/2022

Scaling out of most of my position now ready to go long again after a pull back.

 

We're holding the higher overbought levels pretty good and with catalyst, we could see a pretty nice up move still. 11246.50 is resistance and untested, if we get above that can get an actual up move. As long as NQ above 11170.50, I like the long.

 

A lot of trapped sellers / shorts in this setup likely. Nothing to do now but wait and see if and how high they can squeeze them. Above 11170.50 squeeze is still active, below that gets more difficult.

 

Short 64.50
SL 72

 

bad trade, you shouldn't get paid out on this, unless you scalp it. if you win more than scalp its lucky.

 

Looks good to me. Right up against resistance and overbought on lower time frames.

 

Out 53.50

+11

Edit: Man, I got out too early!! (I blame @Concinnity for this )

 

Last NQ long I did was 11:24am for 61 points and was pissed I let 25 more points slip away before exiting.

Not pissed any more.

 

ES and NQ only retraced -38.2% of the day's range, while RTY a little more than -61.8%

So they might not be done dropping, especially if RTY continues down.

 

And there they go again.

RTY is actually below last night's open.