ES Journal - 2021/2022

NumberZ · Jan 12, 2022

I Bought SPX 14 Jan 22 4850 calls at .58. Lottos. As is said on Fintwit. not too crazy based on how SPX has moved.

Concinnity · Jan 12, 2022

Concinnity said:
NQ at 15987.25, see if we can get above cleanly or not.

Nice seeing if we can get a big squeeze now on the shorts. Was a nice pull back on first hit, this second hit looking good for the squeeze

Buy1Sell2 · Jan 12, 2022

Buy1Sell2 said:
And the daily continues showing weakness in my view with the bounce off of the trendline yesterday which also coincided with lower daily Bollinger Band touch. --I don't follow Head and Shoulders patterns but I would certainly think that it could be said that a right shoulder is forming here especially with the upward trendline.
View attachment 275186

Right shoulder continues to form.

mervyn · Jan 12, 2022

mervyn said:
Always missed the afternoon rally, I don't take trades after lunch normally. Next target 4731 if CPI tomorrow modorates just slightly.

4731 met, first batch of trade is done, 88 points. really don't want to go short after exited at 4738 but now seems the sellers are in control.

Concinnity · Jan 12, 2022

Concinnity said:
Nice seeing if we can get a big squeeze now on the shorts. Was a nice pull back on first hit, this second hit looking good for the squeeze

Hmm caught some nice longs, not up tons though. Didn't catch any of this short wasn't able to switch my focus after we broke above second time, thought we would get a bigger squeeze. didn't think we'd get this big of a pull back, the that's always the problem with "thinking" instead of just trading what is lol.

Looking for long setup now or if get nice fast rally, may look for a short.

mervyn · Jan 12, 2022

mervyn said:
4731 met, first batch of trade is done, 88 points. really don't want to go short after exited at 4738 but now seems the sellers are in control.

catch the uptick es 55 points from 4710.50 to 4721.50 and nq 41 points

NumberZ · Jan 12, 2022

Concinnity said:
didn't think we'd get this big of a pull back,

All perspective. Looking at an hour chart. Or even 15 minute. It doesn't look like much pullback. But on shorter charts looks like cliff dive? Maybe?

Concinnity · Jan 12, 2022

Got a small portion of that long setup.... don't really have any strong probabilities currently, so just staying flat or trading very light.

Concinnity · Jan 12, 2022

NumberZ said:
All perspective. Looking at an hour chart. Or even 15 minute. It doesn't look like much pullback. But on shorter charts looks like cliff dive? Maybe?

Well I don't trade very large accounts and I am day trading, so a 206 point pull back on NQ is pretty large from my perspective... that's a $4120.00 move on just 1 NQ and still a $412.00 move on just a micro.

I am extremely active and trade small, medium and larger charts. From a Daily perspective the pullback was pretty small, I agree. But for a day trading perspective or if nothing else at least mine, that's a sizable move.

Concinnity · Jan 12, 2022

ES is the only half way decent looking one, will need it to continue to show relative strength to the others. RTY failed to get above 2214.50(couldn't even touch it) and NQ only briefly got above 15987.25 and hasn't been able to regain it all day.

Not impressive at all, for just coming off of oversold, although it's true it hasn't really fell apart yet either. Good trading today, tons of long and short setups all over the place.

I am still slightly bearish bias, until NQ/RTY at least start trading above those levels, particularly candle closing above would be even better.