ES Journal - 2021/2022

What's Izzy's opinion now?
Is he still short?

 

30, 5, 1-minute RTH charts + daily/weekly/monthly RTH charts for ES/SPX.

For continuous full session charts, I use 5, 60, 240.

I'm trying to get better at using larger time frame charts in order to capture bigger moves and entering outside RTH.

Oh. And I also have a faster volume chart which I typically enter from. But I've considered removing it as it can be a bit too fast for what I'm trying to accomplish and I feel that by looking at it I can get caught up in noise. Old habits die slow, though.

 

So far, so good.

It would be out of the ordinary if we drop below that zone today, but considering the recent sell-off and elevated volatility, you never know for sure and the day is still young.

Visually, this is shaping up to be a bull flag on today's RTH session. What happened so far today is nothing but a nice green open which retraced and back-filled the move higher in ETH. I don't see any weakness ATM.

If we break out - I wonder how high we can run today. 4600?

I can see it happening.

 

Looks like a nice NQ bounce down off the daily 24 EMA, but then stuck due to the 4H 12 EMA.

On the weekly, looks like the weekly EMAs may have scared off some buyers.

 

For ES, looks like a bounce down off the weekly 12 EMA and possibly a 0.618 fib level, but trapped by the daily 24 EMA

 

I caught this long down here, added too position once ES broke above resistance. Happened too fast to post though, once ES broke above cleanly, it just took off.

 

Do you put any moving averages on your charts?

 

I think we make a run at 4580 the overnight high. I step off the bus at 4570 tho.

 

Does Powell know what an overnight high and a moving average is...?

Just joking of course.

 

Yeah, I used other things to get long and see the long. However, in this case I was waiting for simple resistance to be broken, to add and expectation of bigger move.

I consider simple resistance a moving average like an EMA. I use two EMA's together one as a bullish guideline and one as a bearish guideline. They are very effective if you get use to the ones you're using, watch out for it to flatten or for the velocity of it moving up or down etc.

I also use complex resistance / support which to me is like accumulation / distribution zones(like the one I posted earlier that NQ needed to get above and failed than we dropped).