ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
“a chip and a chair” you still in.
My weekly statistical model gives 74 % odds of new lows by EOD given this weekly structure.
So, new lows today or tomorrow, I think. Today could be a consolidation day, but there's nothing to say we won't continue lower today as well, so best to stay nimble. 4525 will be the tell if we get there, IMO.
Good luck all.
So, new lows today or tomorrow, I think. Today could be a consolidation day, but there's nothing to say we won't continue lower today as well, so best to stay nimble. 4525 will be the tell if we get there, IMO.
Good luck all.
Same thing as the last few days 15283.50-15328.50 still distribution zone on NQ. There is a target above at 15317.25 as well for any long setup if one forms. So this general area I'll look to take profits on if I find a long and also look to find a short setup.
Still bearish bias overall, however we have built some accumulation area's on smaller charts that held overnight, when previous last 2 days we did not. So, not going to be quite as aggressive short as I was last 2 days personally.
If we start trading above 15283.50-15328.50 consistently. Than I'd be looking out for 15434.75 as a potential target.
Still bearish bias overall, however we have built some accumulation area's on smaller charts that held overnight, when previous last 2 days we did not. So, not going to be quite as aggressive short as I was last 2 days personally.
If we start trading above 15283.50-15328.50 consistently. Than I'd be looking out for 15434.75 as a potential target.
Kind of bullish bias atm as long as above 15181.00 ish but below that will look to exit long. Short trap is being set here, but not sure it works due to larger charts still being crappy.
Took it from 15191.00 to 15240.00 Probably leaving a lot on the table.... but had no runner on this.
Expectation would be to work our way back to the 15283.50-15328.50 distribution area that's been a magnet for price this week.
Here we are approaching the zone. Do not think I'll be taking this zone short, as previously mentioned we have accumulation zones below us holding. So, increased risk of shorts eventually getting overpowered in the zone. It may hold for a while or may completely but the probability is not as much in my favor as it was on previous days. Going to practice patience here and protect my profits. If I miss the short, than I miss it. Will have to accept that.
Bottom of zone finally touched here. Took a few more long scalps, but too fast to post. I am expecting us to move through the zone eventually, once they bait enough shorts in. Could take some time though as this a large distribution zone.
That's likely the highest probability trade of the day, long from the accumulation area up to re-testing supply in the distribution area.
Right now just going to sit on my hands and wait for another setup.
That was a fun ride. I had ~70 as my upside target on this initial leg up, so we exceeded that a bit now. Could be a turning point here.
It's easy to read such a move as 'strength' and forget the big picture / day ahead. The short term trend remains down as of now, IMO, so best to stay nimble.
It's easy to read such a move as 'strength' and forget the big picture / day ahead. The short term trend remains down as of now, IMO, so best to stay nimble.