ES Journal - 2019/2020

[theapprentice]

possible measured move target if the trade works out

 

[Laissez Faire]

New HOD on NQ.

Careful shorting this.

Remember that we're down a lot already. Can easily go up to 3127 and end the day unchanged...

 

[speedo]

It's in consolidation. I wouldn't get too lathered up about anything until it shows it's hand. Of course I'm not a levels trader so that's a different game.

 

[NQurious]

I don't know how accurate this is, but NQ rising, ES, stalling, should catch up soon?

I'm not saying it will or it won't, but this market has had plenty of day with NQ closing green and ES closing red, sometimes with a very hard spread.

ES back above 67.50 at this point would indicate NQ leading every higher, I suppose.

 

[NQurious]

ES back above 67.50 at this point would indicate NQ leading every higher, I suppose.

The next 5 minutes will be a tell of sorts. Three drives higher right now gives 50/50 ... a reversal here and odds of going all the way back to the Globex low increases, but a strong breakout above 71.75 and I'd be looking for a gap fill back to yesterday's RTH close.

 

[theapprentice]

L 3054.5
10 point stop

out here at 3072 +17.5

 

[Laissez Faire]

Long from 3055 with a 10 point stop.

EDIT: Target would be 3127.

Eliminating risk with a stop at 3056 = + 1,0.

Well in the money now, but won't micro manage myself out of this one.

I don't see any major turning points above until 3087.

EDIT: Maybe I'm micro-managing myself out of the trade now, but putting the stop at 3065 = + 10,0.

 

[theapprentice]

coming up too a halfway point. Might be tempted to short soon

 

[NQurious]

The view from here ...

 

[theapprentice]

SS 3078.5 stop at 88.5

(50% retrace play)