ES Journal - 2021/2022

Even to this day, I'm not sure if the ES is mirroring the foreign markets in the ETH or the other way around. Why is the ES so dull during the Asian session but picks up pace in the Euro session? Anyway, my newbie takeaway is if the Asian market is oh-so-discrete, the Europeans are more in-your-face, while the US is ultimately up-your-ass. :D Care to disagree?
 
schizo said:
Once we break below 65, the drop should be pretty swift.
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If there's one thing I've observed in this bear market and I suppose it's true for ES in general, that is how key levels usually won't break cleanly. There's always a bid in this market.

Occasionally you get a bidless trend lower, but certainly not always.
 
p0box4 said:
Interesting, never heard that before.

I do keep an eye on the opening range which is considered the first 30 minutes of trading, at least according to most information i found and have found those levels to be useful from to time to time. This week we have had some beautiful confirmations and rejections around those opening range levels.

I'll take a look at the IB tomorrow to see if the additional 30 minutes add any value for me.
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I watch both 1st 30 & 1st 60 and work about equally well. Along with prior day's RTH open and settlement, Globex high and low.

:thumbsup:
 
tiddlywinks said:
It is merely an Opening Range.
Here is quick search result talking about ORB (Opening Range Breakout) trades.
https://www.elearnmarkets.com/blog/how-to-trade-opening-range-breakouts/

Elsewhere in ET, there is (at least) one thread about the ACD system, I think created by Marc Fisher but maybe not, that also uses the OR (Opening range). The term "ACD" is too short to do an ET search, so without other keywords...

Tim Ord is another name that comes to mind regarding OR trades. Again, I could be mistaken. Tim Ord authored a book or two.
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Long before either of them there was Tom DeMark back in the 70's with his TD Open, TD Trap, TD Clop, TD Clopwin, etc.
 
$DXY reversed yesterday's AM short term drop to close up slightly and today is currently up +0.46% and 10yr yield trading near session high 4.282% currently 4.277% so pressure once again for stocks.
 
Laissez Faire said:
If there's one thing I've observed in this bear market and I suppose it's true for ES in general, that is how key levels usually won't break cleanly. There's always a bid in this market.

Occasionally you get a bidless trend lower, but certainly not always.
More...

Just happened again (watching at work through TradingView).

Dropped to a new low and then spiked like crazy. Maybe there was news?
 
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