ES Journal - 2019/2020

[theapprentice]

tempted long here on the pullback but leaving it alone.
See how we look tomorrow!

 

[Laissez Faire]

Hop you won't tell us you took your profit at 64 Maybe you should. Damn this market is nuts.

I'm flat at 64,75 from my entry at 2923,50.

Should be interesting to see what tomorrow brings as today in many ways resemble last Monday. Both days were fairly bullish with a breakout of a range and a following reversion back into the range.

I was bullish going into this week, but can't say I like those 64,50 points of air below from last Friday's Close.

 

[schizo]

The market is way overextended for one single day though. Would definitely not short here, but risky going long too. At least from my perspective...

Have you noticed that the rally really took off at 7:30 EST, 2 hours prior to the opening bell? Actually, for the last 4 sessions, big moves started at around this time. What's up with that?

 

[Laissez Faire]

Have you noticed that the rally really took off at 7:30 EST, 2 hours prior to the opening bell? Actually, for the last 4 sessions, big moves started at around this time. What's up with that?

I have noticed. Not sure if anything is up other than people getting positioned prior to the Open...?

I only day trade RTH, but days like today makes me re-consider and think I should start to enter in ETH too.

 

[David's faith]

Cute how they gunned the shorts to a new HOD when the MOC report came out and then dropped it 14 points.

It was an exhaustion sign. Some have studied and saw it coming, others didn't

 

[theapprentice]

L 46 stop 42

 

[NQurious]

Ok. Didn't see your entry, hence why I asked.

I think he may have thought one of us posted the entry here but it was in the chat ...

We used different profit targets ... his orthodox, mine more pushing the envelope just a wee bit ...

We also had it on good authority that we could expect cash to trade into this zone... 2966 being the bare minimum ..

$SPX to $2966 to $2993 minimum imo, today or tomorrow and probably without much of a pullback

 

[speedo]

I think he may have thought one of us posted the entry here but it was in the chat ...

View attachment 228292

We used different profit targets ... his orthodox, mine more pushing the envelope just a wee bit ...

View attachment 228293

We also had it on good authority that we could expect cash to trade into this zone... 2966 being the bare minimum ..

You call it "pushing the envelope) I call it getting more out of the trade which you usually do but being a reformed scalper, I am doing better.

 

[SPYgrain]

looking at the hourly & daily..could we have just completed a 5 wave triangle since the 4/17 high.?
revisiting the options play, last time I looked at ES options they were too thin (been 2 years or so)...they are a viable option now !! - more volume and 3 expiry's per week...esp for someone like me who might be affected by the equities day trade rule..

 

[NQurious]

Are you going long on the retest of the ma or tp and run NQ?

I do not use the MA/EMA but speedo does. I took profits on the first long, and kept some runners into the next long.