ES Journal - 2019/2020

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vanzandt said:
But seriously, did either of you see that reversal coming at 2770?
If you did... good friggin job.
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I took profits between 72-74 and the last were stopped at 75.75 ... I didn’t catch the reversal as a reversal and shut down after the stop on the trails.
 
speedo said:
After a couple of wide rangers, a consolidation day would be in order.
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I agree. However, there is a set up on the cash daily that if triggered and if it holds has produced bull trend days many times in the past. Trigger would be cash breaking above yesterday's high and staying up there. There is also the 11-12 gap above to consider: It can both induce the trigger and also provide the resistance level for failure. But if back above yesterday's high and then back above Tuesday's low, then there could be decent uptrend range.

This is a set up, not a call, and even if triggered, the market has the last word. A million ways to trade it as a day trader. It is based on volatility and the recent 2 to 3 week range.

I posted a swing entry here back in March that was good for a large number of points (I believe this was the day after the bear market began lol):

NQurious said:
Long 2756.75, Stop 2720, Target 2872, with scale outs at 2818 & 2850
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We had a similar set up as of the 5/13 close, triggered the next day but failed (still a nice day trader's range) and then the trend day commenced the following day and continued for two trading days.

Bear swing now, bull swing in March ... I may use this as a swing set up but not near the level of confidence as I had in March as the 2720's, which would take us back to the 3/8 bull set up and 3/11 bull entry, is likely the minimum pullback level before The Money starts their next operation higher (if then).
 
NQurious said:
I agree. However, there is a set up on the cash daily that if triggered and if it holds has produced bull trend days many times in the past. Trigger would be cash breaking above yesterday's high and staying up there. There is also the 11-12 gap above to consider: It can both induce the trigger and also provide the resistance level for failure. But if back above yesterday's high and then back above Tuesday's low, then there could be decent uptrend range.

This is a set up, not a call, and even if triggered, the market has the last word. A million ways to trade it as a day trader. It is based on volatility and the recent 2 to 3 week range.

I posted a swing entry here back in March that was good for a large number of points (I believe this was the day after the bear market began lol):



We had a similar set up as of the 5/13 close, triggered the next day but failed (still a nice day trader's range) and then the trend day commenced the following day and continued for two trading days.

Bear swing now, bull swing in March ... I may use this as a swing set up but not near the level of confidence as I had in March as the 2720's, which would take us back to the 3/8 bull set up and 3/11 bull entry, is likely the minimum pullback level before The Money starts their next operation higher (if then).
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I prefer that scenario
 
The only buyers are shorts covering. Market is very weak, good news barely budges it up, bad news send it crashing lower. Sell the rally's, is whats working right now.
 
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