ES Journal - 2019/2020

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Buy1Sell2 said:
I was just a bit early today and may have to take an overall daily loss. It happens that way sometimes. However, I like my position here and feel that the market will likely not trade below 2627 the rest of the day. I considered just putting my stop on my initial trade just below 2600 which is the confirmed short term floor, and it would have saved me a few points. I am putting the previous trades behind me and only look to the future. I don't have to get it all back today. ---That is the type of thinking that gets one in trouble--
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It's a series game, you can't stop at the first strike. Over the long run...positive/negative expectancy quantifies the edge...period :thumbsup:
 
Buy1Sell2 said:
I've drawn a line here at the 2622 area on the futures charts that may be of importance . Notice how we haven't been able to get far above yet. It may be a critical area--

9tadd
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And even further back from Jan 17. ----2622 so far appears to be an strong area of previous resistance and hopefully now support---
 
Buy1Sell2 said:
We need to get above the hurdle at 2636 to have some legs into the afternoon. I suspect that an attack will be made to the upside recent highs by tomorrow late afternoon.---Looking for the 2632 area to hold here first.
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Initial hold has occurred at both 2622(longer term) and 2632 (intraday). Staying long for now. We need to get 2636 and 2639 cleared shortly.
 
We currently have a cash gap on either side of Fri Jan 25th's activity. The idea behind my trade is to at least hit 2658 today and close both sides of this gap.
 
Buy1Sell2 said:
Initial hold has occurred at both 2622(longer term) and 2632 (intraday). Staying long for now. We need to get 2636 and 2639 cleared shortly.
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The 2636 test of intraday support is in the works now. We are above and looking for buying to strengthen this area.
 
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