ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Breakout? From what?
the 1305 cdt swing high..es tested Sun night low with no follow through today..tonight a series of higher swings ...
2483
Well see what happens overnight, I won't be trading until the open tomorrow so if something drastically changes I am not going to be unflexible. But just like today we had high probability of ES going to 2448 and they still pumped the markets just to sell into the liquidity.
People that are trading enough size to move the markets often want to move the markets in the opposite direction initially to create more supply for them to either buy up or sell into. They need to get a net weighted average if they are buying, or they need to pump the markets for more liquidity if they are trying to get out. They can't just press buy or sell on their entire position because they could price themselves out or make their intentions to obvious.
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