ES Journal - 2017/2018

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the eminis intraday react to the 1/2 hours times especially..first 2 hrs market open is best too proven ...15 minutes times okay, but 1/2 hour bigtime day in day out. these things do not go away just as trend is ur friend does not. will respectfully back off and read the great posts. great trading to all.
 
MidwesternTrader said:
They sure piled into the long side with about an hour to go didn't they? I like the futures contract option play, limited risk with the ability to catch a snap back to ATHs.

Much better to take on a limited risk play especially with the Turkey currency crisis unfolding and now elements of Erdogan's crew suggesting to take US troops at Incirilk Air Base hostage as bargaining chips. Sure, that sounds like a brilliant idea. What could possible go wrong with that move?
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I'm not too worried, that's a high risk, high reward play, but a tiny position...beer money (lol).

The action today was textbook institutional. Look at the move between 1:30-2:20-ish. Then the 2:30 fake and volume spike...this was duplicated in the SPY, and you can see it in all 6 of these charts I keep up (even boring JNJ):
0today.JPG


What that is is buying most in the SPY tipping the demand sharply north. This is bargain shopping before we get on a bull run:

SPY.JPG


We'll see something similar to that, in my humble opinion. Though, I expect there will be quite a bit more go juice behind the next run....hence my swing for the fences. The high volume was reflected across the market today too.

That said, I'm also bullish as hell right now but with a lot of hedge under me (well, actually above, if you want to get technical...it's a straddle)

And the VIX chart with the 7/11 ("U R Here") candle circled.
vixxy.JPG
 
I checked after market close, and saw the longs were able to buy on dip with success, so longs still in control until trade penalties increase.

Policy creates trend. If Trump fucks us up, then trend will change to reflect reality. Trend usually lags policy a bit, but as noted sometimes Trump tweets and market can fall 10 points right after.
 
nq nadir end of day x 3 cons all in all out. do the math. not Nancy crumbs. $900 few minutes of one's time. not to mention massive gold all day long.
 
The way I see it, we tested yesterday at 2826 and exhausted the buyers there. After a rally up to maybe 48 -50 we should see a another leg down this time to test 2800.
 
_eug_ said:
The way I see it, we tested yesterday at 2826 and exhausted the buyers there. After a rally up to maybe 48 -50 we should see a another leg down this time to test 2800.
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Hi eug, are you an interday or intraday trader? or both? I like the way you see the highs and lows. thanks, Renko 76
 
I am intraday only nq. The numbers you quoted above tells me a lot about your level of experience. As the market goes up down sideways during the day, each move has an apex and a nadir, even the whipsaw single bars. I do not use time based charts. Price is king, for me.
 
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