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  1. L

    ES Journal - 2023/2024

    FWIW, my statistical data indicates weakness following today's Inside Day. Not a very strong bias, but strong enough that I'm paying attention and not getting too confident on the long side.
  2. L

    ES Journal - 2023/2024

    Satisfactory. :) Today was a NR ID.
  3. L

    ES Journal - 2023/2024

    Flat here. Let's see if it breaks out now... :) As it appears unlikely, I figured it wasn't worth swinging for the fences today. + 462.50, but feels like a scratch day.
  4. L

    ES Journal - 2023/2024

    Agreed. I was expecting any drops to be bought today, so I bought it when momentum slowed down. Trailing a tight stop here now as I'm not sure we'll see much more upside today. My greed says to hold, but my data says a breakout is not very likely to get legs... :) EDIT: NQ attempting a...
  5. L

    ES Journal - 2023/2024

    Seems like this was the trigger. I usually check the scheduled news, but this one was marked as low impact, so I suppose I neglected it. Seems like an overreaction.
  6. L

    ES Journal - 2023/2024

    I specifically meant the drop that started at 14:03 or so today. Uncharacteristic for this kind of day, IMO. A drop which I'm sure many sold near the low. Instant recovery.
  7. L

    ES Journal - 2023/2024

    Or a drop below... News or just thin markets...?
  8. L

    ES Journal - 2023/2024

    14.75 point RTH range. The smallest range so far this year is 23.00 points. Would be odd if we don't get a pop above 56.25 at least. I'm sure we'll see it.
  9. L

    ES Journal - 2023/2024

    NQ wants to go higher, but ES stuck. Assuming we'll churn a bit before finally staking out a move, but quite possibly not a larger one today. Inside Day definitely possible.
  10. L

    Risk management techniques

    I don't even know my % risk per trade, but the one rule I follow fairly well is that my initial entry is always on my smallest size. For me, that's one ES contract. And usually with a maximum stop at 10 points, but generally it's around 5 points in current volatility. Next, I'll add to my trade...
  11. L

    ES Journal - 2023/2024

    Got back in at 47.50, but will stop out for 1.5 points or less. Rinse and repeat if stopped. Maybe back in at the same price or lower. Higher time frames look ripe for a pullback and the statistical bias for higher is not very strong, so no need to be over-confident and use too wide of a stop...
  12. L

    ES Journal - 2023/2024

    Stopped B/E. Looking to re-enter as long as the range low holds and momentum does not pick up to the down side. Let's see if I can get in at a better price or not. Working a buy stop above market. We could definitely roll over here, but shorting today seems risky.
  13. L

    ES Journal - 2023/2024

    Maybe add a contract above 55/56 if momentum picks up. My statistical model says range bound today and I tend to regret fading that. There's a chance we can start ripping on a new HOD, but most likely suck in some late longs and drop back in range. I'll stop out B/E and re-enter if I still...
  14. L

    ES Journal - 2023/2024

    If momentum picks up - maybe we'll see 4185. Range bound for now.
  15. L

    ES Journal - 2023/2024

    Long here. Targeting > 4165 by the Close. Or minimum 4160. Wrong below 42. Could reverse and drop, but appears less likely.
  16. L

    Mark Minervini...Legit or Not?

    For sure. It can help on the entry part, though. If you always wait until it's too late you're usually getting shit entries. Unless you're trading breakouts where they can actually be successful. I imagine single stocks are different from indices here. As for your quote, it's pretty much the...
  17. L

    How many years to get pro

    A more recent success story among scalpers would be Navinder Singh Sarao - dubbed the Flash Crash trader. A great read by the way. From what was shared in that book he also struggled in his later years scalping the market as it became increasingly difficult due to the rise of HFT. A low...
  18. L

    Mark Minervini...Legit or Not?

    It's not, though, so I don't think that belief is going to help you. The market is neutral and only exists to facilitate trading. A liquid market does this very well giving you ample opportunity to enter and exit pretty much whenever and wherever you want. If anyone's getting f**ked in the...
  19. L

    FOMC actions

    Wow. This thread really blew up. Don't really get why people care if Vincent is trading in simulator or not. It's not like he's bragging about making millions either.
  20. L

    Trying out an E2T TCP 50

    To answer all your questions would be beyond a single post. Besides, you need to put that information together yourself if you are to trust it and ultimately trade it yourself with confidence. I can give one general answer, though. On ES, both Inside Days (11%) and Outside Days (9 %) are rare...
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