ES Journal - 2012

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Quote from Laissez Faire:

Using a 3,5 point filter, ES had 52 swings this week during RTH. The average swing was 5,5 points. The largest swing that did not retrace more than 3,25 points was 17,0 points. Next one was 10,50. The rest was distributed mostly between 4-8 points.

So, this was a scalpers market this week, unless one is willing to accept a 3,5 point adverse move and is trying to capture the daily range or a larger swing.
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Update.

Using a 3,5 point filter, ES had 30 swings this week during RTH. The average swing was 6,0 points. The largest swing that did not retrace more than 3,25 points was 12,5 points. A total of 4 R10 swings. The rest was distributed mostly between 3,5-7,0 points.

Volatility is drying up.

Will next week be different or worse?

There are still swings to be exploited, but not the best conditions for a day trader right now, at least not for one like me. I need to reduce my profit targets.
 
I`m considering a short at this point.

ES is strong, but NQ is still below Friday's low and meeting resistance there. ES at AH high here and stalling.

Waiting for a clean break. :)
 
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