ES Journal - 2021/2022

tiddlywinks said:
Referencing multiple time frames has become a staple for me. Earlier B1S2 mentioned the weekly as HIS guide.

This is a REFERENCE chart I use. It deals with NPOC (Naked Point of Control) on 3 time frames.
The chart itself is the 30 minute ES.
Pink labels are NPOCs (bar-by-bar)...
Blue labels are Daily NPOCs.
Green labels are Weekly NPOCs

Only NPOCs are labeled on all 3 time frames

Having this as a reference, puts a different spin on the expected range of movement on a faster trading time frame. Notice the price ranges within clusters. Notice the price ranges with sparse NPOCs. Notice where NPOCs from different time frames line up. Zoom into a specific day or even a specific bar to see a price/volume distribution. I use a 3 minute chart for my daily trading.


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Yes, weekly is why I am watching extra closely here as it has not exhibited an obvious renewed downtrend just yet. Weekly is king in my view.
 
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Indecisive market. Feels like everyone is feeling each other out.

I was short below 34, but stopped out for a smaller profit and off to do something else now.

Neither a rally above 4050 or a drop to 4000 or more would surprise me by end of day.

Maybe some consolidation before the next bigger move.
 
Laissez Faire said:
Indecisive market. Feels like everyone is feeling each other out.

I was short below 34, but stopped out for a smaller profit and off to do something else now.

Neither a rally above 4050 or a drop to 4000 or more would surprise me by end of day.

Maybe some consolidation before the next bigger move.
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For SPX next obvious stop is 3,980.
 
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