ES Journal - 2019/2020

[cowf]

THIS IS where 2820 becomes support. and a long 2825.00

2828 new support, Long 2834 above.

 

[NQurious]

2828 new support, Long 2834 above.

I agree ... Buy limit at 2828 ... I'll wait to see how price acts before buying above 34 if that trades before the retest at 28.

34.25 was first resist during Globex breakout, so 34.25 - 34.50 risk being sold initially, imo.

 

[speedo]

This would indicated that B1S2 is currently/possibly around $40,000.00 in the red, from the bear market call. Based on one of the prudent risk:reward discussions, he should have a $2,000,000.00 trading account and risks 2%, so at this point, he is still prudent, but would have to wait to recoup his position.

The important thing is he's prudent.

 

[Handle123]

I see a rounding top on one minute, just selling highs for scalps/other side of BB.

B1S2 has a system, over long term works for him, that is all that counts. I agree with him on Risk management to a degree, but I am much more conservative as I Hedge so as not to have much of drawdowns in longer term.

Till a "Thrust" bar develops to upside, I see this as down trend for what I do.

quick bounce to upside

 

[NQurious]

Bears are keeping it in consolidation...for now

Very, very dull market ... almost astonishing in it's dullness. Feels like a Friday in July.

Watching 15 minute note the failed bear breakdowns and the tight closes at the top of the consolidation. Even if we test 28's, or even 22's to 24's, I would think a bear campaign today is likely to be shortly reversed.

 

[cowf]

I agree ... Buy limit at 2828 ... I'll wait to see how price acts before buying above 34 if that trades before the retest at 28.

34.25 was first resist during Globex breakout, so 34.25 - 34.50 risk being sold initially, imo.

Yes, 2828.00 great entry, keep with it, manage it against the resistance 2834.00 which is strong based on previous consolidations and highs. Let support in the uptrend work for you and prove stronger. Just manage the expectations of it. eventually there will always be a lose in a long run of price, when you start entering late, be even more prudent. Sometime we are long or short too long. if you are getting stopped in an area you believe is the turn around, then the stop is too tight, in the beginning of a move, this is no good, at the end of a move, it saves you from giving back profits.

 

[SPYgrain]

1 min NQ-ES starting some weakness..let's see if it builds..

 

[SPYgrain]

yep, time to look for shorts on bounces imo..

 

[NQurious]

Buy limit at 2828

I tried to add 26.50 but was too slow (I'm getting old), so avg price 28, stop 26 for now. Above 29.25 should summon The Money.

 

[NQurious]

See what hapens at 22's. Below there a bear day, and above either a range or a bull, imo. It is tough to post right now and watch.