ES Journal - 2023/2024

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

  1. Buy1Sell2

    Buy1Sell2

    Rolled out of December contract on Friday at 4604.25 for a gain of 104.75 pts. I am currently long the March contract at 4657.75.
     
    #6111     Dec 9, 2023
    Builder17, Axon and Jaydom like this.
  2. Buy1Sell2

    Buy1Sell2

    Off to Dubai and then Tokyo----Talk soon----Izzy.
     
    #6112     Dec 9, 2023
    semperfrosty and Jaydom like this.
  3. yesterday
    [​IMG]
     
    #6113     Dec 12, 2023
  4. new day
    trying Long here 29.5 (dec)
     
    #6114     Dec 12, 2023
  5. bought YM at same time

    upload_2023-12-12_12-47-38.png
     
    #6115     Dec 12, 2023
  6. upload_2023-12-12_13-28-7.png
     
    #6116     Dec 12, 2023
    Laissez Faire likes this.
  7. got +156 ym points on taht one


    gone long again here. Big dip.
     
    #6117     Dec 12, 2023
    Jaydom likes this.
  8. upload_2023-12-12_15-8-3.png [​IMG]
     
    #6118     Dec 12, 2023
  9. all done for day. Same method. buy dips, buy breakouts

    [​IMG]
     
    #6119     Dec 12, 2023
    Axon likes this.
  10. NoahA

    NoahA

    To be honest, I don't really see any breakout buys, but that could just be me. Scat always said the same thing, to buy breakouts and chase.

    If I draw what I think are breakouts, it means a BO above some level. So here in ES, I would consider a BO pretty much just above where you sold. For YM, it hits the high, and drops, so buy a BO there would fail. For NQ, yes, it broke above, went sideways, and then higher. But none of your entries are breakouts from what I consider a breakout to be.

    If anything, it looks like you faded a BO if we look at YM in the middle, and see the yellow line that marks a swing low which broke. This could be a breakout, to the downside of course, but you didn't short it, you went long. So here you are fading the breakout.

    2023-12-12 1252.10.png

    Obviously you're doing well, but I have yet to see anyone show consistently that buying breakouts and chasing works. Perhaps your ES trade is chasing, since you went long way late into the V bottom reversal, but most of your trades actually seem to be in anticipation of the turn.
     
    #6120     Dec 12, 2023
    semperfrosty likes this.