ES Journal - 2019/2020

themickey · Oct 14, 2020

QTrader20 said:
I strongly believe NQ ~11900 (currently trading ~11970) is a very ideal area to BTFD for POSITION TRADERS.

.....is a very ideal area to GTFO for POSITION TRADERS.

QTrader20 · Oct 14, 2020

themickey said:
.....is a very ideal area to GTFO for POSITION TRADERS.

I remember you are NOT a trader at all. So, you don't understand how the system works lol... :banghead:

themickey · Oct 14, 2020

QTrader20 said:
I remember you are NOT a trader at all. So, you don't understand how the system works lol...

Right.

QTrader20 · Oct 14, 2020

Another 26 points more to go before hitting 11900.... An area with heavily supports.

QTrader20 · Oct 14, 2020

So far NQ is bouncing back up 25 points as soon as it hits 11901.... hehe~

Laissez Faire · Oct 14, 2020

Bounced off last week's high so far. Full gap close @ 68,75. I have orders to buy @ 70 with a 10 point stop, but it's possible I missed the LOD.

Unless this is a full melt-down and the start of a larger correction, I think we have the bottom in this area.

trdes · Oct 14, 2020

Laissez Faire said:
Bounced off last week's high so far. Full gap close @ 68,75. I have orders to buy @ 70 with a 10 point stop, but it's possible I missed the LOD.

Unless this is a full melt-down and the start of a larger correction, I think we have the bottom in this area.

If nq can start trading above 11556.00 good chance we get at least 30-50ish point up move.

Edit: 11961.50 will make this candle close above the 11556.00 too. I don't currently have a position, but looking for one, just havent found it

trdes · Oct 14, 2020

I think we might miss it, if we go all the way back to lows going to be a rough long. But I can't find an entry here that I really like. NQ pulled back like 30 point as soon as I posted, but didn't buy it.

Laissez Faire · Oct 14, 2020

trdes said:
I think we might miss it, if we go all the way back to lows going to be a rough long. But I can't find an entry here that I really like. NQ pulled back like 30 point as soon as I posted, but didn't buy it.

I had that order @ 70 when price moved lower and considered just hitting a market order, but hesitated. It's tempting to go long, but I don't like the R/R and it's likely a FOMO trade.

I'll go long @ 70 or when the next leg down culminates. Anything in between - I'll pass.

trdes · Oct 14, 2020

Laissez Faire said:
I had that order @ 70 when price moved lower and considered just hitting a market order, but hesitated. It's tempting to go long, but I don't like the R/R and it's likely a FOMO trade.

I'll go long @ 70 or when the next leg down culminates. Anything in between - I'll pass.

Yeah, it's definitely a FOMO, that's why I didn't take it either. Too much risk buying up here or if you lighten your risk, you're likely lowering your probability as stop will just be hit in this current environment. So, on the same page.