ES Journal - 2021/2022

Reader--you might not understand why I say this, but this is one of the greatest trades that I have made in the past 2 years.

I am a reader. Is your post addressed to me? LOL

From the time stamps on your posts, I can surmise you entered long on bar 9 and exited on either bar 27, 28 or 29. Basically a scratch trade, what I call a wash trade and not a good one.

Here is my debrief. The entry was a poorly timed long into R and a misread of the day type. There was a failure to act on the trading fractal turn and the trade was on the wrong side of fast pace on the expansion of the opening range. The reversal to HOD and further range expansion bailed out the lapse and put the trade on the right side. The exit was on a retrace just before midday and it was late.

In my opinion the trade sucked. But you may be trading a different fractal and using a different time frame. What is your take? Do tell. LOL
 
Short 3909.25 Initial stop 3940.50
Out 3896.75 for gain of 12.5 pts. There's likely more downside but it's time for bed and with high leverage, a good gain has been made. --I don't have a large loss from earlier in the day to make up for due to the quick reaction to market conditions and the exit of the first trade prior to the drop.
 
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Out 3896.75 for gain of 12.5 pts. There's likely more downside but it's time for bed and with high leverage, a good gain has been made. --I don't have a large loss from earlier in the day to make up for due to the quick reaction to market conditions and the exit of the first trade prior to the drop.
Excellent choice last night as more downside has been delayed.
 
3820/3800 from here. Maybe by week end. I don't pay much attention to H&S, but couldn't help notice.

Big picture we're still in a large trading range here at ATHs.

View attachment 255451

I'm seeing this possibility
Screenshot_20210324-233934_Samsung Internet.jpg
 
I suspect that we have made a short to mid term top on the SP at 3983. It remains to be seen if it carries out and becomes a long term top.
 
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