ES Journal - 2019/2020

[trdes]

I am almost falling asleep now. Pretty good job of holding up. Surprised the NQ zone held 3x. Always a battle for me taking the signal vs overall discretion. I'd like to eventually move toward just taking signals, for more consistency and to make it systematic.

Not much has changed from my view point though, probability has been lowered a little since that 11625-11645 NQ accumulation zone held so well. As long as we're trading under 11780.00 though on NQ though still a lot of risk of NQ moving lower.

If we close above 11780.00 today or get a decent sustained move above tomorrow. I'll be a lot more hesitant to aggressively short.

 

[trdes]

WOW, amazing just won't give me the full break down intra-day. Bounce for a fourth time. Overall good day for me. Did much better trading second half after my break, than tis morning.

Back at it tomorrow, I'd rather markets not break down overnight, Even if it means we rally above 11780.00. Just for selfish reasons really, because if markets break down will be more difficult to find a high quality short setup, yet longs will be tough as well since in these situations they tend to retest the most recent relative lows on each chart often or even break them. Which makes taking longs on any time frame more of a pain.

 

[wiesman02]

It’s looking like an after hours break. I’ve got a SL in at 35. Should fill soon. Stop 50

 

[QTrader20]

It's so weird that Mod deleted my post on another thread before locking it. Why mine? I wanted to make it clear that I was NOT part of it.

 

[Gaslight Capital]

It's so weird that Mod deleted my post on another thread before locking it. Why mine? I wanted to make it clear that I was NOT part of it.

 

[wiesman02]

AND there’s the breakdown. Almost missed it. Had to fomo short at 29 when it looked like my SL wouldn’t fill

 

[wiesman02]

don’t do that. Some of us have little kids at home and now that song goes on repeat in our heads lol

 

[trdes]

11720-11730 distribution area still. Trading above that there's a 11781.50 potential target.

Don't really see any great trades yet, going to wait.

 

[trdes]

11720-11730 distribution area still. Trading above that there's a 11781.50 potential target.

Don't really see any great trades yet, going to wait.

Back in the 11625-11645 accumulation area again. Want to be careful today because market should break one way or the other soon. It's rare we bounce on the zones this many times, normally market breaks away in one direction by now far enough to make them invalid.

 

[trdes]

Finally larger chart starting to play out and NQ retracing as expected. What an amazing job of them getting people to look up, now like we discussed a lot of trapped longs. So just need to be aware any longs will be difficult and if we do get a decent move up, higher probability we will retest near where the move up originates from again, even if it is to continue higher later.

Unfortunately I didn't catch tons of this down move today, we we're only in the distribution area for seconds, but I did find a short but didn't hold for the breakdown.

Nothing has changed with expected retrace, still have probability as 11506.50 and than lesser but still decent probability of 11208.

Been difficult for me to effectively trade it, but can only do the best I can do.