ES Journal - 2019/2020

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upload_2019-8-27_12-11-31.png Short 2872.75
 
R10 at 67,00. Main hypothesis for the rest of the day is still that the LOD is set and that we can see a move up towards 78 by the closing bell.

I'm sure the week low is not in yet - but I think that will have to wait for tomorrow? Or what say ye?

Of course there's a chance that we'll drop like a turd from here as well. Just not my main scenario now...
 
tenny1886 said:
how do u play that, could u throw some details. my charts have few lines running from the past not sure where to base my trades.View attachment 207882
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Using today as an example, I will consider consider sentiment as measured by correlated assets and relative performance of assets that are adjusted by risk attributes. I will use this information to help me decide how aggressive I want to be in entering a position. Most aggressive would be to enter either at the open or when a opening threshold is breached. Less aggressive would be to enter on a countertrend bar, or for this morning, a 5 minute up bar. My least aggressive entry would be to enter on a test of the open, waiting for a 2 bar consolidation, or a test of a resistance point. Again, how aggressive my entries are depends on my perception of current investor risk tolerance based on relative performance of correlated assets.

Edit: As a specific example, for today my signal was to short the lower opening threshold and to use the upper threshold for a 6 point stop. My initial exit would be either at a recent support or the close of a 5 minute wide range bar.
 
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