ES Journal - 2021/2022

[wrbtrader]

What happen to the prior Long 4204.75 initial stop 4185.00 ?

https://www.elitetrader.com/et/threads/es-journal-2021-2022.353736/page-181#post-5395762

Overnight low was 4183.00

 

[wiesman02]

Market is back on its usual dose of crack I see

 

[traider]

it's a good day for ES, sell at close or if breaks previous highs

 

[wiesman02]

I’d love to short the 25ish area on the September Contract before close. We will see

 

[Relentless]

Swinging around like a pissed off bear

 

[Overnight]

I’d love to short the 25ish area on the September Contract before close. We will see

That is not something a wise man would do, IMHO. The Fed blew it's load yesterday, and the market had time to digest it. It did not care. It's looking at T-yields and Gold prices and going "The fack, equities are still in vogue."

 

[wiesman02]

That is not something a wise man would do, IMHO. The Fed blew it's load yesterday, and the market had time to digest it. It did not care. It's looking at T-yields and Gold prices and going "The fack, equities are still in vogue."

uh huh

 

[RXIS]

This thread used to be very active. What happened?

 

[wiesman02]

This thread used to be very active. What happened?

too many blown accounts. ES difficult to trade successfully so names come and go

 

[wiesman02]

too many blown accounts. ES difficult to trade successfully so names come and go

bought 79.75, bought 63, out 74.25 R:r was completed fked. Made almost 3 points on more than 20 points risk. Not an ideal situation but Es is mean reverting. Either u understand you’ll have an upside down r:r often and average down. Or u try to trade like in the books and take lots of stop outs and commissions with a 2:1 r:r