ES Journal - 2021/2022

Oh, gotcha, selling more to increase the short position and improving your average. Understood.

 

Correct... sell to open.... buy to close.

 

Nice smooth buy at 63.25 off the 5m TL.... Lo Risk

 

Kicked all at 80 even.... still expect 83-85

 

To be clear - you shorted starting yesterday and anticipate a larger move down from here...?

 

He’s trading around his short 1 lot of ES with 2 micro lots.

 

My simple view is that the market is breaking out to the upside. If we can clear 4600 on ES tomorrow I think we'll see 4654 already tomorrow or Friday at the latest.

Today SPX filled the first gap above. There's a small chance we'll print a mini double top or FBO here, but I have to say I favour the long side from here.

Updated:

 

Guys we're so close to last ES relative high (4586). I'll be pretty surprised if we don't short squeeze. Was expecting more of an up move today, but to be fair NQ performed a lot better and I was long NQ/RTY. But the fact we didn't get more out of ES, made my RTY fall short of expectation.


High probability of a short squeeze here from my view / opinion.

 

BINGO!