ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. Buy1Sell2

    Buy1Sell2

    Yes---monthly chart showing October 1987 nearer the left side---
    upload_2023-3-15_7-53-24.png
     
    #3091     Mar 15, 2023
  2. vanzandt

    vanzandt

    "Uptrend remains intact."

    sp.jpg
     
    #3092     Mar 15, 2023
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  3. "show a little faith, theres magic in the night"
    -the boss
     
    #3093     Mar 15, 2023
    Buy1Sell2 and Laissez Faire like this.
  4. I'm anticipating the initial move higher on the Open today towards 3900 with that as a potential failure point / reversal area. If no failure/stalling there, we can go all the way back up to 3950.

    If, however, we won't see a bid on the Open, we can't rule out this as a trend day lower targeting last week's low. The action on the Open will be key here.

    Just longed 3980, but will take a tight leash on it and happy to take it off for 10-20 points.
     
    #3094     Mar 15, 2023
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  5. Buy1Sell2

    Buy1Sell2

    Would not be surprised to see us go green today or beat Tuesday's high tomorrow.
     
    #3095     Mar 15, 2023
  6. Buy1Sell2

    Buy1Sell2

    3980?
     
    #3096     Mar 15, 2023
  7. My bad. 3880.

    Will re-enter if stopped.

    upload_2023-3-15_14-26-48.png
     
    #3097     Mar 15, 2023
    chillibean, Buy1Sell2 and NoahA like this.
  8. Covered at 91 for + 11 on a trailing stop at 09:33. :banghead: Had a scalp pre-market as well.

    upload_2023-3-15_14-35-17.png

    Have to be somewhere, so figured I'd play it safe today.

    Now, see how the market reversed off that 3900 area that I pointed out in advance. ;)

    We can easily drop from here. It's all very uncertain, IMO. The easy and predictable play was on the Open.
     
    #3098     Mar 15, 2023
    Builder17 and NoahA like this.
  9. My best guess is that a break above 3904 would set up a move back inside yesterday's range.

    A break below 3888,75 is more tricky as it can easily be a failure to breakout.

    But, statistically, my trading model does give good odds of continuation lower (3860 / 3850) if that happens.

    Good luck all.
     
    #3099     Mar 15, 2023
  10. Looks like a confirmed break at this point. Wrong above 3895.

    Most likely 3860/50 now. Could get loose if no bid down there.

    I'm only watching FWIW.

    EDIT: And wrong... :) That's why I generally dislike shorting near lows and think "chasing breakouts" as referenced in another thread is generally terrible advice. At least near lows.
     
    Last edited: Mar 15, 2023
    #3100     Mar 15, 2023
    NoahA likes this.