ES Journal - 2019/2020

[nickynoes]

Added another short here, we are at the top of the 2nd leg up of todays up move and there is a large chance of a meaningful retrace here at ATH.



First target 3012, second 3005ish, intraday time perspective.

Short term timeframe im looking at a break of the 3021 trendline.
The 1m steep trend line has been broken and retested as you can see on this second screenshot, further adding confidence in my short trade.

 

[boyd cross]

wouldn't be suprised if we popped 28, not betting on it though

 

[tenny1886]

Added another short here, we are at the top of the 2nd leg up of todays up move and there is a large chance of a meaningful retrace here at ATH.

View attachment 206316

First target 3012, second 3005ish.

u going by fibs for target?

 

[nickynoes]

u going by fibs for target?

Yes I use fibs a lot for targets and to find S/R preemptively. I combine them with trend lines and my 20 EMA and that makes up the gist of my trading style, add in some experience, pattern reading and acting on my intuitions and voila.

 

[tenny1886]

Yes I use fibs a lot for targets and to find S/R preemptively. I combine them with trend lines and my 20 EMA and that makes up the gist of my trading style, add in some experience, pattern reading and acting on my intuitions and voila.

same here, i have the 12.00 and 05.00 so i asked.

 

[speedo]

We are within minutes now of turning down for the rest of the day. This bump up is unsustainable.

Three and a half hours ago

 

[vanzandt]

B1's week in review.

Monday:

Staying short here---just looks like more downside to come.

Wrong


Tuesday:

I anticipate a new short term ceiling to be put in later today and the selloff to continue this time likely driving us down to 2950

Unlikely that we'll see anything much above 3010 on this run and then the selloff should be down to at least 2950

Wrong


Wednesday:

Selloff for rest of day should occur in this area. Looking short here.

Wrong


Thursday:

nice little afterhours bump here that should present a great opportunity to sell.

Wrong


Friday:

We should back off today at least down to 3000 and I would expect 2950 shortly thereafter.

Wrong

 

[nickynoes]

This isnt what I wanted to see, losing confidence in the short but I am wondering if its just a 1 tick above trick to fool the shorts or if its gonna be a slow cooker up for the rest of the day.

Dumped half of the position here at a 2.75 pt loss, keeping the other for a potential retrace and will reevaluate there.

 

[tenny1886]

Three and a half hours ago

but u got give it to him, he does see the big picture, i use 10k and b1s1 as my over all trend indicator, ha ha

 

[tenny1886]

This isnt what I wanted to see, losing confidence in the short but I am wondering if its just a 1 tick above trick to fool the shorts or if its gonna be a slow cooker up for the rest of the day.

25.00-26.00 is suppose to happen. if u wanna stretch it may be 26.50