ES Journal - 2019/2020

[Laissez Faire]

Back in long at 43,50. Stop @ 38,50. Targeting 2875.

Trying to pick a bottom here.

EDIT: Stopped.

 

[speedo]

So - consolidation/retracing higher before the next leg down or did we find a bottom here?

So far - just as choppy as last Friday was at this point. Every low is bought and every high is sold. Last Friday NQ was the stronger one too and a tell we'd eventually go higher.

Big picture - we were able to snap back up above the Weekly Low from Monday. So far - a false breakout of that level. I'm leaning long obviously, but not very confidently yet.

Moral of the story, buy low and short high in a trading range....most breakouts will fail.

 

[speedo]

Scalping is a tougher game than directional trades but that's all we have presently.

 

[_eug_]

Moral of the story, buy low and short high in a trading range....most breakouts will fail.

I wish I did this, im sitting here waiting for the move, could have already taken a bunch of 10+

 

[Cessna06P]

It looks like the down moves have momentum, going back up is more tentative.

 

[Laissez Faire]

I don't seee much momentum on either side. We're already down - 2,23 % which is a lot, normally.

If we trade lower from here - I'm betting it will be a slower trend down...

 

[speedo]

It looks like the down moves have momentum, going back up is more tentative.

The daily has triggered a short so down legs would figure to be more rigorous at this point.

 

[NQurious]

I'm short from 2890 (posted in adavnce yesterday) Scale out profits at 2832, 2822, and 2797 ... One target filled, two to go.

Lowering stop to 2840 to lock me at +50 ... moving 2797 limit to 2814, other targets stick. Current 2833.75

 

[FriskyCat]

Russell happily resuming its role as the red headed step child.

 

[_eug_]

Bullish now IMO

If this low holds we see something like April 17th .. lets see