ES Journal - 2021/2022

pullback unrder 20 would be nice for along

 

I personally don't consider today's price action to be typical of a trend day, yes markets are up, but it's spiky.

 

The 60mn is over done, 29-34 is sellers delight,

 

If and when NQ breaks 13810 markets very likely to keep rallying.

 

The 60mn bar has closed, the numbers still apply for another 60mn,

 

some peoples 60 min bars close on the half hour. I use cqg for instance and that’s what they do

 

L 4222

 

Than wouldn't that be a 30mn bar? I used to use CQG also and the time frame bars are the same as everyone else's, Currently using TT,

 

Both of the spreads the diagonal Mon/Fri 4150/4160P and todays 4190/4200/4210 call fly have been blown out of the water thus far. Low risk, though.

The fly still has a chance.

Yeah, I sold a couple in the 29s and one in the 27s MES. All closed this minute. The only keeping me even in ES today.

Will be looking to get long next.

 

I am not sure whether intraday bars have that much meaning to big volume traders, so whether hourly close on the hour or half-hour probably doesn't have a huge difference IMO. This is because I believe that how price reacts to an important level trumps intraday bar's OHLC. Pro traders monitor what is happening to supply/demand at various levels and trade accordingly.