ES Journal - 2017/2018

[zenemini]

short 42, 3 point stop, 9 point target

EDIT stop is now 41.50

EDIT 2: Stop 36.75

 

[zenemini]

short 42, 3 point stop, 9 point target

EDIT stop is now 41.50

EDIT 2: Stop 36.75

Out at 34.50 +7.5

 

[mastacoli71]

Nice retrace short entry right now would be 58-64.

 

[KevinD]

The big divergence between NQ and ES/RTY complicates things quite a bit.

 

[zenemini]

Nice retrace short entry right now would be 58-64.

With the ES, the 50 may get in the way of the full retrace. But yes, a chance to sell the 58-60's would be a gift, imho. But above 64 for too long, and I will start looking to go the other way.

The 5 minute ATR has been higher than the daily ATR was for much of the Fall lol.

 

[zenemini]

The big divergence between NQ and ES/RTY complicates things quite a bit.

Easiest way to clear the divergence is not to look at anything but the ES.

 

[tiddlywinks]

Does nobody pay attention to USD??

 

[KevinD]

With the ES, the 50 may get in the way of the full retrace. But yes, a chance to sell the 58-60's would be a gift, imho. But above 64 for too long, and I will start looking to go the other way.

The 5 minute ATR has been higher than the daily ATR was for much of the Fall lol.

Yeah, the daily bars last October were like 5 minute bars nowadays.

 

[speedo]

Actually the ATR sucked in the Fall of 2016 through much of 2017....had to switch to the NQ which had plenty of action but is a slippery devil.

 

[zenemini]

Actually the ATR sucked in the Fall of 2016 through much of 2017....had to switch to the NQ which had plenty of action but is a slippery devil.

But traded highly technically intraday which, imo, made up for the anemic ranges.

Really looks like 2632.50 or so needs to trade before this rallies (or falls out of bed).