ES Journal - 2021/2022

[schizo]

Out of nowhere, the price spikes. What's that all about?

 

[schizo]

What does "baked-in" have to do with a chart TA?

See the post above this one regarding why everything is "baked in" the chart. I don't know what's happening but the chart shows me that something happened. Do I need to know or understand what that is? No. I just need to REACT to the price I see on the chart by either getting in or out of the trade.

Edit: I cannot find any news that precipitated the sudden spike. However, this tells me that SOMEBODY knows what's brewing underneath...which tells me that tomorrow's report will be bullish.

 

[NoahA]

Out of nowhere, the price spikes. What's that all about?

View attachment 297295

Holy crap schizo... is this your actual chart with order entry? Are you really trading 20 ES contracts and up $7.5k on that one trade?

 

[schizo]

Okay, last trade for the night.

Flip long 3603.50

-2.5

Out 3633

+30

 

[SunTrader]

You do not get time off. The markets opened at 6PM and are open for the next 11 hours! What do you think you are doing? Taking a break? PPI tomorrow at 0830 hours EDT Schiz! Hep hep!

lol

Next 11? + 12 more.

 

[c1rcle]

Out of nowhere, the price spikes. What's that all about?

View attachment 297295

I guess they were trying to pump up the markets ready for just now.

 

[ElCubano]

I guess they were trying to pump up the markets ready for just now.

big moves seem to be followed by bigger moves in the opposite direction.

 

[c1rcle]

big moves seem to be followed by bigger moves in the opposite direction.

I would say the rise last night was the pump though. I don't think this current drop is to lower the prices ready for a buying frenzy at the open. But I could be wrong.

 

[ElCubano]

I would say the rise last night was the pump though. I don't think this current drop is to lower the prices ready for a buying frenzy at the open. But I could be wrong.

I’m thinking the same

 

[SunTrader]

I guess they were trying to pump up the markets ready for just now.

Opposite. Shorts were laying in wait "letting" longs move price higher. Till the news.

It is often what is not done ... that matters.

But look at what transpired during Globex. Price moved higher into first few hours of euro session. Then stalled. Not exactly what I would call "pumped up".