ES Journal - 2021/2022

[donnap]

Good to see you Schizo.

I dipped my toe in it this PM.

Short two MES @ 3910. Currently at 3915.

I'm also short NQ with short put hedge.

We shall see. Money stop.

Out. Ave. price 3893.75. +160

Back to NQ

 

[Laissez Faire]

Close above or below 3906?

I vote above.

 

[newbie463]

I'll be a sport and vote below. Just to keep everything balanced. lol.

 

[Laissez Faire]

I feel fairly certain we have the LOD for the day. The way I read this we are stuck in a trading range bound by yesterday's LOD and the 50 % Level for today's RTH session.

If we break out of this trading range and above 3906 I don't see why we can't trade all the way back up to 3920 +++ with the small chance we print a new HOD going into the Close.

If we break out below - I think we'll find a double bottom / higher low for a move back up above 3902 for the Close, but probably not much more.

Main two scenarios I can see unfold here. The third one is we actually sell off further. Less likely, IMO, but you never know...3865 below if we do.

 

[newbie463]

that covers all the bases, and it is reasonable logic. must get a close over the 5-6 level to see if that push towards 20 can happen. being tested now.

 

[Buy1Sell2]

Out and short at 3915.00 for loss of 11 pts. -----Initial stop 3935.00

Out and Long at 3907.00 for gain of 8 points. Initial stop 3892.00

 

[newbie463]

and blast off........its #1!!!!

 

[Laissez Faire]

Personally, I'll be happy with 3920 - but I have 3927/30 as outlier targets by the Close.

It's happened before and it can happen again, but might be a stretch. Let's see now.

 

[newbie463]

let's squeeze up to 26.25 then close around 20ish.

 

[schizo]

I'm going to SHORT at 3919. Stop is at 3926

I shouldn't be doing this good in retirement. LOL