ES Journal - 2019/2020

[maximumpossiblesuffering]

It sure seems to be an up day to me, with prices above the RTH open and NQ up a greater % than ES, which can imply interest in risk taking. However, bonds are up, AUDJPY is down, gold is holding and stronger than PL or SI, indicating defensiveness.

I’m bearish on ES, but will stand aside until we penetrate intraday support. Then I would look to enter short on a counter-trend up bar and using a tight stop.

 

[tenny1886]

a big move up seems to be in play in ES, just my observation, would be momentum play.

 

[tenny1886]

50.00 L
stop 48.00
target 60.00

 

[tenny1886]

50.00 L
stop 48.00
target 60.00

edit target : 57.25

 

[tenny1886]

50.00 L
stop 48.00
target 60.00

stop moved to break even.

 

[tenny1886]

stop moved to break even.

exit 54.25

 

[tenny1886]

edit target : 57.25

got mixed up with charts ideal exit is between 54-55.00

 

[SPYgrain]

exit 54.25

nice trade!

 

[tenny1886]

nice trade!

thanks this was a play from shorter time frame got mixed up with the larger one. Best play was to exit at 54-55 level without aggravations.

 

[tenny1886]

trend looks up for now, signals pointing to break of previous high.
my next target would be 63.00

looking for ideal entry long, around 48.00 if not letting this play go due to stoploss issues. ( 54-55) has good support.