ES Journal - 2019/2020

[theapprentice]

L 3040

+5

 

[Laissez Faire]

The "stairstep" climb in RTY off the morning plunge is a pretty good example of it. I've seen plenty of squeezes in the QE era, but that 4.80% intra-day move off the lows was something to behold.

Yesterday's "V" Outside Day on the ES is a very rare pattern too. Yesterday was not your average day for sure.

What you think guys? Tomorrow is a T day. Vol?

Can easily continue squeezing higher. We probably have that end of month effect to consider too. Next open gap above is 3127.

My only concern to the long side is that we're up 'too much, too fast'. We gapped up strongly from Friday the 15th and never looked back. Up + 6,0 % since that Friday's Close and with a lot of air/untraded prices below.

 

[pauk]

Only an idea.
View attachment 228785

Projected channel top around 3030 ish.
Measured move target 3100+.
Maybe a break out of the channel to 3050-60 area, pullback to test the channel and then towards 3100+?
At least that my guess for the bullish scenario
I'm currently flat in my 'swing account' but hoping for a pullback to go long. I really don't like chasing it, although the Fed have been so kind to me on longs recently that even when I chase it on the long side and think i've probably got a bad price, It works out fine lol

kudos call from 77

 

[theapprentice]

L 39

 

[theapprentice]

L 39

+1
I think I'll be able to get a better price hopefully
One I can hold for a large move

 

[theapprentice]

As a rule of thumb, I regret closing long trades about 85% of the time, though! (for breakeven and small winners etc). Lets see what they do here! lol

 

[theapprentice]

yep. Regret it!
L 41.5

 

[theapprentice]

looks bearish here, but not gonna cut it. Don't trust bear signals lol. Will add more at some point.

Where's @schizo ?

 

[Big_A]

Looks like 3030 is worthy to go long.

 

[FriskyCat]

Kinda looks like the final days of last month...