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  1. L

    ES Journal - 2023/2024

    I stopped out 41. Looked like it could crack at that point, but it was an instant failed breakout of the LOD. Hindsight entry, but I longed 44. Will probably trail out at 47 to cover that prior loss. It's quite possible we won't be able to push past SPX 5600 today, but you never know with this...
  2. L

    ES Journal - 2023/2024

    Nice up move. Why am I not surprised. LOL. SPX very close to 5600 again on this push. Let's see if it pops this time.
  3. L

    ES Journal - 2023/2024

    Agreed. Could be another snoozer like yesterday until CPI tomorrow. Markets in a tricky spot ATM as the long side is becoming less attractive without a pullback and we all know that shorting this currently is tricky, too. Moved my stop to 41 as I have to leave it unattended for a bit. If I...
  4. L

    ES Journal - 2023/2024

    That 5600 level provided some resistance as expected, but I'm a greedy guy. Let's see if that was some initial hedging/profit taking and if we can make it on the next thrust. I'm not sold on the long side for today and still think there's a chance today rolls over for at least a gap fill, but...
  5. L

    ES Journal - 2023/2024

    I know. Market gave me a lesson there. LOL. Failed breakout on the Open + statistics indicating good chances of at least a morning pullback. Those statistics may be irrelevant for this market, though.
  6. L

    ES Journal - 2023/2024

    NQ being a bit of a drag so far just like yesterday. ES seems like it wants to go higher. SPX 7 points from that 5600 touch. I think I'll just hold the trade like it is for now. If I'm stopped, I might just call it a day as it can be another grinding day like yesterday and I already have some...
  7. L

    ES Journal - 2023/2024

    Long 45. 3 point stop. Let's see if it's another trap. Targeting 60/65 if I can get it.
  8. L

    ES Journal - 2023/2024

    WRONG. Do NOT short this market. Still feeling a bit cautious on the long side today. Could still be setting up a short play for the day. May re-enter short. Flat for now.
  9. L

    ES Journal - 2023/2024

    Move stop to 45.50. Exit is dynamic, so you'll rather just have to take my word on it. Looking for a reversal around 38 or 32 if I'm not stopped by then. I'm probably wrong, but I think today could possibly sell off. And if I'm wrong, I may switch long on a breakout of the highs.
  10. L

    ES Journal - 2023/2024

    Short 42. 3 point stop.
  11. L

    ES Journal - 2023/2024

    Maybe around 37. If not, could get the full gap fill at 32. If that doesn't hold, could be seeing an Outside Day Down. Waiting it out a bit.
  12. L

    ES Journal - 2023/2024

    Too late already, but the pop above the HOD was to be expected. Seeing it was instantly sold, I'm waiting for a pullback now before any new entries. I'd rather chase the breakout than entering here because I think a PB could happen first.
  13. L

    ES Journal - 2023/2024

    Could be a gap & go day. Maybe 5660 ES.
  14. L

    ES Journal - 2023/2024

    Pumping here pre-market. I count 35 days making all time highs so far this year. Today looks to be the 36th. That number may be slightly off as it's futures data and not SPX, but shouldn't be too far off. I'm more of a trend follower lately going with the seasonal bias, i.e., buying dips...
  15. L

    ES Journal - 2023/2024

    I haven't yet studied corrections in great detail, but it seems like market tops usually have a larger day down near the top. We haven't seen that yet. I'd like to see that before I even consider a market top. Sure, I'll miss the very top, but I don't risk blowing up trying to pick it...
  16. L

    ES Journal - 2023/2024

    I'm sure @v-shape-0DTE have been plenty long, so he's probably not who you're thinking of. But I've seen people short this market since last fall and they still use the same stupid rationalizations, i.e., "This market HAS to retrace here. It's overdone." I mean, clearly, this approach isn't...
  17. L

    ES Journal - 2023/2024

    What's the high probability setup? Unless you have some secret sauce or pattern, the way I see it, you're still trying to pick a top. And that's an exercise that haven't worked out well for people during this rally. Wouldn't it be better to rather stay flat and load up on calls after a drop...
  18. L

    ES Journal - 2023/2024

    Not sure we're getting it yet, though. ES couldn't even fill yesterday's gap and NQ ultimately closed green.
  19. L

    ES Journal - 2023/2024

    Very elastic moves today. I keep buying dips on ES as long as the LOD holds. Seems like yesterday's Close is about as low as it will go, but I may be wrong. Stopped out the prior long B/E as I honestly didn't think we'd go this deep again today. Trying a new long soon.
  20. L

    ES Journal - 2023/2024

    Actually, if NQ catches a bid here and that was the LOD - I don't see why ES can't print 5655/60. But that may be my greed speaking. Yeah! Let's do it for Spain! :)
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