ES Journal - 2019/2020
- Thread starter Buy1Sell2
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I can only trade the first hour or so, have some business have to go take care of. So, won't be doing any intra-day swing building positions. Just likely fast and quick trades, if I take anything. We've been in this range on NQ for a while, so there's likely to be an expansive move very soon.
Huge divergence in ES and NQ. Markets have held up pretty well given the readings. All I can really say at this time is probability has increased for a short cover rally on NQ. So, for better or worst I won't be aggressively shorting like I have been the past several days, due to the current setup as well as having to cut my trading day short.
But will be back at it next week and see what it looks like than and if today's move ends up changing anything.
Huge divergence in ES and NQ. Markets have held up pretty well given the readings. All I can really say at this time is probability has increased for a short cover rally on NQ. So, for better or worst I won't be aggressively shorting like I have been the past several days, due to the current setup as well as having to cut my trading day short.
But will be back at it next week and see what it looks like than and if today's move ends up changing anything.
Nice well done man. Thanks for posting the trade. NQ was in a distribution area where I could of shorted, but just a little cautious today of short covering rallies, plus having to leave early, but NQ was pretty much straight down so I would of been OK, but hindsight 20/20.
Hope everyone trades well and has a good weekend.
The next 10 trading days are going to be utter crazy shit. We got a ton of eco data coming out next week, and then the week after is the election, including the Fed, NFP, China and US manu PMIs, US GDP, Euro bank rate. Did I mention earnings?
VIX 50 is coming. I can smell it.
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