ES Journal - 2021/2022

Discussion in 'Journals' started by Buy1Sell2, Dec 15, 2020.

  1. NoahA

    NoahA

    Wow.. you just got your wish!

    I should maybe use the SPX close, but for some reason I'm just using the ES RTH session.
     
    #9361     Oct 20, 2022
    Laissez Faire likes this.
  2. Tanking. Glad I consulted my statistical model. ;)

    So, the first level to watch below is 3676,75.

    When that breaks we have an Outside Day and that's my expectation right now. Wouldn't have entered a new short now as I figure it's too risky. Outside Days are after all rare.

    Next biggie below after that is 3660.

    Normally, we shouldn't trade above 3700 from here today, but this market is wobbly and we're still in a potential bid zone, so no need to write that down in stone.
     
    #9362     Oct 20, 2022
  3. I use ES RTH 09:30/16:00 session for my gaps on ES as well. But you seemed to use the low/high of the wick. I use the close value.
     
    #9363     Oct 20, 2022
    NoahA likes this.
  4. 83/84 have been a major demand/support zone this entire week, so the bulls can still spoil this.

    That's exactly where we bottomed out for now.

    upload_2022-10-20_19-30-2.png
     
    Last edited: Oct 20, 2022
    #9364     Oct 20, 2022
  5. SunTrader

    SunTrader

    KISS. Once it broke thru, then revisited it (VolPro high vol node / ellipse) one more time that's all she wrote:-
    !ES VP.png
     
    #9365     Oct 20, 2022
    Laissez Faire likes this.
  6. Always KISS after the fact. :)

    What does your VolPro say right now about the rest of the session/week?

    Will this major support level at 83/84 break or will we bounce?
     
    #9366     Oct 20, 2022
    NoahA likes this.
  7. schizo

    schizo

    Short 85.50

    SL 20 handle

    Have a good feeling we'll tank from here. What say you?
     
    #9367     Oct 20, 2022
  8. Outside Day. As predicted! :)

    Let's see if this gets traction.

    3665 can trigger a bounce if we continue lower, so may be wise to consider closing out shorts there.

    If 60 breaks - watch out!
     
    #9368     Oct 20, 2022
  9. schizo

    schizo

    You know what I'm thinking :sneaky:
     
    #9369     Oct 20, 2022
    Laissez Faire likes this.
  10. Flat here.

    I'm really happy about how I handled today's session as I adressed something that's been a bit of an issue for me intraday as I can get locked down on a bias and don't quickly enough switch to the right side of the market.

    I was still leaning long today after getting stopped out thrice, but then was able to both recognize the short side potential and trade it as well.

    Very sloppy trading on my end, but this market has enough loose change currently to allow a sloppy trader like me to redeem myself.

    As for the rest of the session - it's still a down trend here and we broke weekly support, but it's possible the week low could hold for today.

    upload_2022-10-20_20-18-21.png
     
    #9370     Oct 20, 2022