ES Journal - 2017/2018

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Buy1Sell2 said:
It would be nice to run back up to the hawk before closing, but may have to wait until tomorrow for that. We certainly are still in long mode and this is a pullback. Don't know if we have the juice today.
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I liked how you exited your long yesterday recognizing that we had a gap below and thus a good chance of trading lower.

If you insist on retaining your long bias, it would be better if you'd repeat what you did that day and recognize that the market in fact goes both ways... :)

Seeing how this is a day trading journal, you have to admit that there's been hugely abundant points available on the short side lately.

Long term, my guess is we have more downside yet...
 
Kind of strange overnight action. After seeing yesterday the SMA rejecting price on the daily I tend to lean towards going down. The candle ended in a doji, like 20 days ago and the next day was red....
 
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Pekelo said:
Kind of strange overnight action. After seeing yesterday the SMA rejecting price on the daily I tend to lean towards going down. The candle ended in a doji, like 20 days ago and the next day was red....
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Yesterday SPX candle + the previous two days = move down to test 2583. I have offer out at 2659. Small position in case it is premature.
 
Does anyone in here use a volume profile to assist in their trades? For example, on ESZ8 30m chart, there is a lot of trading between 2620 and 2680. The volume tapers off dramatically above and below those prices, presumably because both buyers and sellers agreed that prices directly above and below were not representative of a fair price. If ES continues to be range bound between those areas, usually there is money to be made until buyers or sellers have become exhausted and the MM's move price to find more volume (which I'm sure everyone in here already knows).

BVXqK1q


A short at 2690 and a long at 2610 look to be safe bets today. Until they're not :) :)
 

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Pekelo said:
Kind of strange overnight action. After seeing yesterday the SMA rejecting price on the daily I tend to lean towards going down. The candle ended in a doji, like 20 days ago and the next day was red....
More...
I am in favor of a little back and fill and then a barefoot run to the Jack. Would rather not see a cinder chew back to the buggy.
 
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