ES Journal - 2021/2022

Cash 240 for your perusal. Is there anything that can be gleaned from this? Could be up? Could be down? A case can be made either way. The key though is to not lose too much when wrong and to let it run to maturity when right. That's the edge in trading----prudent risk management.
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Buy1Sell2 said:
Cash 240 for your perusal. Is there anything that can be gleaned from this? Could be up? Could be down? A case can be made either way. The key though is to not lose too much when wrong and to let it run to maturity when right. That's the edge in trading----prudent risk management.
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One thing I would think though is regardless of which direction is next, that the move will be large, on a swing basis and perhaps longer, judging by the bottleneck on the Bollinger Bands.
 
Today was an A.

Range bound market. The fact that last week's range was rejected and we closed below isn't particularly bullish, IMO.

Lots of air below, so shouldn't be a surprise to see a leg lower tomorrow, but if we open with a strong gap down I'm usually looking to buy.
 
Laissez Faire said:
Today was an A.

Range bound market. The fact that last week's range was rejected and we closed below isn't particularly bullish, IMO.

Lots of air below, so shouldn't be a surprise to see a leg lower tomorrow, but if we open with a strong gap down I'm usually looking to buy.
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Tesla certainly has the potential to nose dive:
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