ES Journal - 2019/2020

[volente_00]

Continuing short bias hier.

Top is in ?

 

[NQurious]

It's a mean reverting liquid instrument.

Most of the time. But sometimes it's just mean.

 

[volente_00]

My ES range for rest of this week is 2798- 2801 to 2717

My new range is now 2764-69 to 2717/19


Upper Levels to keep an eye on are 2759, 64 and 69

 

[Builder17]

Short 49.5
Stop 54.5

 

[mm2mm]

this drop is nothing more than some profit taking... it will go up again tomorrow or next week

 

[fordewind]

this drop is nothing more than some profit taking... it will go up again tomorrow or next week

or next year

 

[cowf]

and a retrace to 2761 - 2765...and observe and anticipate

 

[cowf]

on a very short term basis, if you are short, you are short too long, unless you have a 50 point stop to get back to break even

 

[Builder17]

Short 49.5
Stop 54.5

Stopped -5

 

[Laissez Faire]

It's a mean reverting liquid instrument

Has always been this way since I started trading it in 2006

That's why it's a contrarian traders paradise the majority of the time. It's the sub 10 vix that makes it a pain sometimes but in the end the vol always returns.

Indeed. But I feel it's become worse than it was in the past and I'm specifically referring to a small timeframe. The market still goes from A to B and C and back, but it feels more choppy.

Of course, smooth directional moves can happen also. Like the sell off this morning.