ES Journal - 2019/2020

[NQurious]

NQ which level of the cash close do you usually pay more attention to, the 4pm ET close or the 4:15pm ET level?

I noticed the other day you said "the close as off 4pm ET", but sometimes you also use the 4:15pm close.

Are they both important?

Thanks!

They are both important depending upon the context of the day, then one might be a bit more important than the other. For example, I'll watch the 4 PM close, but if the 4:15 close is outside the RTH range for the day, then I will give that more weight.

Context is as important as the level.

 

[NQurious]

NQ 93.50 + 2 +2 so may get pause or pullback here. ES looks like it is in the driver's seat today though ... trade there much more confident of itself than the NQ so far, imo

FWIW, I rarely short during bull markets. and I'm long all day so far.

 

[glazier]

SS 7705
stop at 08

 

[Rickshaw Man]

 

[glazier]

SS 7705
stop at 08

+6

 

[Buy1Sell2]

I think what ET ought to do is make @destriero a mod to clean this place up and raise the market IQ a little bit.

That poster has been on ignore forever. --hope they wouldn't do that.

 

[Buy1Sell2]

Trading right now anticipating a test or break of 2885 area in preparation for a leg down to 2790s in the next few days.

 

[glazier]

Inverted head and shoulders about 45 mins ago would have worked out nice, although every time I take that setup it tends to fail so chose to ignore it this time lol

 

[NQurious]

Long 4.25 on a buy limit ... low tick of pullback so far (it did go bid4/offer 4.25) ... 2 point stop

 

[Buy1Sell2]

Inverted head and shoulders about 45 mins ago would have worked out nice, although every time I take that setup it tends to fail so chose to ignore it this time lol

In my view , the market is in bear mode and will be for quite some time. There will certainly be long opportunities on short timeframes if those are the ones that you trade.