ES Journal - 2019/2020

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NQurious said:
Last night I had the platform open going over my trades for the day and prepping for today and I caught what I saw as an opportunity for a little 2 point scalp, and being the kind of guy I am I couldn't see it and then not do anything about it so I took it with a 4 tick stop loss and an 8 tick target and then went about my business of checking the day's trades and prepping etc and don't you know I got that 2 point scalp at 8:30 PM or soon thereafter.

I looked at the chart this morning. This is a tick chart, so that large move up that seems to have started soon after my night cap trade actually didn't get started until almost seven hours after I had taken that little 2 point profit. But I thought it looked so funny I thought I'd show y'all a pic. I hope never to to see my chart at the end of the day show me taking a scalper's profit right before a 20 point rally with no trades in between lol ...


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Happens to all of us. The most frustrating trade to me is getting stopped at the exact tick before market reverse to your original objective. Plan your trade. Trade your plan. There will always another trade.
 
NQurious said:
My guess is 2907/8 should hold on pullbacks and 2929 maybe by the close ... but if it reverses I don't care - I will day trade short I just want a trend
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I like bearish action, moves appear quicker and cleaner but yep....just pick a direction and GO.
 
NQurious said:
Pro gap and go ... 2800's in the rear view for now and won't be seen head on until 2929 and probably new ATH's. Anyone who shorted the low of this pullback should have covered on the tick break above 2900 (2900.25 stop) imo because unless this is sold hard at the bell ... this might be the first decent trend trading day in a while ... although I do wish it would calm down a bit here and leave some for those of us who don't settle in until 9 AM or so lol

Seriously admirable how smotth and technically flawless the ES trades from about 3 AM to 8:30 AM these days (or nights?).
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Maybe this is part of the business / Tariff deal with China - to give them the trend oppty's ?
 
vanzandt said:
Show's over, we're in the doldrums for a bit.
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Maybe. Yesterday's RTH low to today's RTH high HWB is exactly 2900 I believe. Former R up for its chance to stand as support.

Right now the fibonacci guys are front running the HWB test by buying 1 tick above the fib 38.2 ... I'm not a fib guy but they are out there, algobots and all, and that front run is so regular as to be nearly a counter-trend set up in itself.

Little rally here and then test 2900 to see whether it is everything its cracked UP to be or not. That is likely where the direction of the close will be won, imo
 
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