ES Journal - 2019/2020

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formikatrading said:
ES / RTY have just looked different than NQ today. And breadth reflects that.
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Confirmed

ES, NQ, YM, RTY 5 minute charts - NQ below MP Value Area / RTY above MP Value Area

upload_2020-11-2_8-56-6.png
 
Laissez Faire said:
End of year is a long time coming for a short term trader, vanzandt.

What's your call for tomorrow? :)

I try to keep an open mind at all times, but it just seems to hard to not see us make at least a leg down towards 3250 by tomorrow and probably as soon as today.

The counter argument is that the market sold off a lot already. Election or not.
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I would tend to agree a selloff into the close seems likely.
But that's the easy trade, so with that said, it'll probably keep going.
Might get 3250 or lower by tomorrow's close. Safe bet there I think.
 
QTrader20 said:
Excellent call :thumbsup:
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Thanks. :)

Disappointing follow through to the down, though.

Still holding a small short position from earlier which I will hold overnight. More of an intuitive risk-off trade as this is not what I normally do (short term day trades).
 
Laissez Faire said:
Thanks. :)

Disappointing follow through to the down, though.

Still holding a small short position from earlier which I will hold overnight. More of an intuitive risk-off trade as this is not what I normally do (short term day trades).
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As long as you know where you must enforce your soft and hard stop losses, it only makes a dent in your trading account if you need to apply both :)
 
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