ES Journal - 2023/2024

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

  1. Check out CME's website.

    Only degenerate gamblers trade tomorrow anyway... :)

    What the hell is up with you Americans and holidays by the way? Seems like there's a holiday every week. LOL.

    Interesting.

    I use the trading hours template 24 x 7, but if I change to CME US Index Futures ETH I think we're in agreement.

    It seems like I have one more bar with 24 x 7. I think I checked it a while back on 60 minute charts and there was more data available with 24 x 7 than with the other session template, so I just went with it.

    upload_2023-1-15_22-17-6.png
     
    #771     Jan 15, 2023
  2. No idea. I'm not a good chartist, but once in a while (like last week) the chart speaks to me.

    Maybe a false breakout...? :)
     
    #772     Jan 15, 2023
  3. schizo

    schizo

    We're all openly proud degenerates here. :sneaky:
     
    #773     Jan 15, 2023
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  4. I meant to reply to this comment earlier, but got sidetracked.

    While it's true that last year was a down year in actuality 51 % of the trading days had the Main Move Up.

    If we look at the 10 largest ranges for 2023, 6 out of 10 had the Main Move Up.

    In fact, the 3 largest intraday ranges were all days with the Main Move being Up.

    What this mean for the intraday trader is that even during a bear market or down trending market you'd still want to trade the long side about 50 % of the time... :)

    PS: This number generally hovers around 50 %, but some years it gets closer to 60 %.
     
    #774     Jan 15, 2023
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  5. NoahA

    NoahA

    I love this type of analysis... Thanks for sharing
     
    #775     Jan 15, 2023
    CallmeAl and schizo like this.
  6. Cessna06P

    Cessna06P

    short 4013.75
     
    #776     Jan 15, 2023
  7. newbie463

    newbie463

    I was expecting a significant gap up, considering the crypto run this weekend. What gives?
     
    #777     Jan 15, 2023
    Builder17 likes this.
  8. Cessna06P

    Cessna06P

    And out -2
     
    #778     Jan 15, 2023
  9. Buy1Sell2

    Buy1Sell2

    I consider SP to be a long-only market.
     
    #779     Jan 15, 2023
  10. schizo

    schizo

    We might get a slight pullback for a day or two as we come up to the TRENDLINE (yeah, that trendline). But after that, methinks we should be smooth sailing after that.
     
    #780     Jan 15, 2023