ES Journal - 2019/2020

[Utah]

will it go below 2880.00 ???

2881-2882 is a 50% retrace. It's going to think hard about going lower if it gets there.

 

[tenny1886]

btw since 11:25 am EST shorting is counter trend. As a short i would be having my finger on trigger unless momentum changes and shorting becomes the trend.

 

[Utah]

Short 2897.75. Target 2881, which is a 50% Fibonacci retracement level.

View attachment 206977

Stopped out. Will watch for a new entry, whether short or long.

 

[Utah]

btw since 11:00 am EST shorting is counter trend. As a short i would be having my finger on trigger unless momentum changes and shorting becomes the trend.

This depends on the timeframe of your chart, no? I'd argue that we are clearly on a downtrend on the 5, 10, and 15 min charts. The longer-term ones, like the 30 and 60, support an uptrend argument.

 

[tenny1886]

As a short have to find the range, i do see high probability of price making a test of 89.00 but have to get in when it will turn, so far cant gauge the range when it will turn.

 

[tenny1886]

damn if vix signal is for downmove then i am assuming price to go high very high around 32.00

 

[Utah]

Long 2900.

 

[tenny1886]

damn if vix signal is for downmove then i am assuming price to go high very high around 32.00

that might not happen today but in next 2-4 days, i am thinking of price testing the 32.00 and also might make a ATH high. But that we will find out once price gets to 32.00

 

[tenny1886]

Long 2900.

what made you take long position ??

 

[Utah]

Long 2900.

Whoa. That was aggressive! News just hit?

Stopped out.