ES Journal - 2019/2020

Laissez Faire · Jan 14, 2020

speedo said:
Hopefully no one on here needs to be reminded to have a stop but as a day trader, I just look for signals...up or down is of no import.

Did you get and catch any signals then?

Very fast play here.

speedo · Jan 14, 2020

Laissez Faire said:
Did you get and catch any signals then?

Very fast play here.

I had a couple but I don't feel comfortable in very fast markets, which is why I don't trade immediately after a FED announcement.

speedo · Jan 14, 2020

...and as a signals hitter, I require a modest stop loss relative to target, which can be difficult in a fast market.

speedo · Jan 14, 2020

This latest short was good and filled quickly...will post chart.

Laissez Faire · Jan 14, 2020

speedo said:
...and as a signals hitter, I require a modest stop loss relative to target, which can be difficult in a fast market.

I tend to stay on the sidelines myself on such action. I find it a bit too random and noisy (maybe to someone else it ain't). Down 10. Up 10 just as fast.

speedo · Jan 14, 2020

FriskyCat · Jan 14, 2020

The 3276 support you made earlier was the call. I had the same line drawn as it was a previous closing price and those are usually support in these "stairstep" type formations. Thing is you have to monitor the markets 24/6 to catch the better entries. I prefer the ES futs options over outrights (for a variety of reasons), but trading this stuff in recent times during RTH has just been biding time for the real action in the overnight markets.

themickey · Jan 15, 2020

I think you guys (USA Mkt) are heading downhill for today. Go shorts!

Long gold.

wave · Jan 15, 2020

Not sure I’d want to be long near 3288.

Laissez Faire · Jan 15, 2020

Main scenario for today is a repeat of yesterday.

I'm thinking new ATHs (got them as I was typing this), but a sell down later in the session.

Should be seeing 3300 today.

Did not enter long earlier, so currently staying flat and watching.