ES Journal - 2019/2020

[tdeu]

45 is a key area. it is anyone game right now. but most patterns are coinciding with the bears but price is suggesting otherwise, so both are in a standoff, as pattern and price movement are both important for me, so times like this i tend to stay on sideline.

I always try to trade with trend or at least with the attempt to trend
now tat we're above the OOW I look for more up

 

[tdeu]

Wednesday is a outside bar on the daily chart, usually a fade candidate, if it has no FT
and yesterday was a poor bar for the bears
I'd expect SA the ATH though for another attempt of the bears

 

[tenny1886]

I always try to trade with trend or at least with the attempt to trend
now tat we're above the OOW I look for more up

its too late in the day, normally price takes precedence over pattern but judging by the hour there are two theories.
1. bulls outnumber the bears since price is not being lowered.
2. the current bulls though they outnumber the bears but do not have enough strength to move the price up without serious fight.
( outcome it will be easy for the bulls to nudge the price up if they come back in strength, but again the time of the day and day of the week comes to my mind) so for me its not worth getting into the trade, as it will be snail paced and that is death for me.

 

[NQurious]

now tat we're above the OOW I look for more up

I like the way you think .... cash intraday I always have this chart on one screen: Red yesterday's close, green today's open ... I can tell by many of the posts in this journal that many trade with no clue as to where these levels are.

 

[tdeu]

its too late in the day, normally price takes precedence over pattern but judging by the hour there are two theories.
1. bulls outnumber the bears since price is not being lowered.
2. the current bulls though they outnumber the bears but do not have enough strength to move the price up without serious fight.
( outcome it will be easy for the bulls to nudge the price up if they come back in strength, but again the time of the day and day of the week comes to my mind) so for me its not worth getting into the trade, as it will be snail paced and that is death for me.

what is your trading chart/TF?

 

[tenny1886]

I always try to trade with trend or at least with the attempt to trend
now tat we're above the OOW I look for more up

BTW, whats the OOW and the other stuff you mentioned. I am new to the game so not very familiar with some of the terms.

 

[Rickshaw Man]

Wow is all I can say, this slow grind higher is relentless. This bull market just won't give up. And everyone has to pay up to participate.

 

[tenny1886]

what is your trading chart/TF?

1000 ticks and long term is 5 minutes. basically a scalper but once a while get into some trend rides for a homer.

 

[SPYgrain]

Wow is all I can say, this slow grind higher is relentless. This bull market just won't give up. And everyone has to pay up to participate.

indeed impressive..

 

[tenny1886]

and also forgot to mention if bears come back in strength price will move down faster than it moved up, so might run a few stops, but thats my theory and i am not always right but that fear keeps me away.