ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
when I was scalping very successfully, I was using 1 min charts and only scalping the first hour or two. If volatility is high u could trade another few hours. Long story short, there’s many volume patterns that develop in the opening 15 mins that u can study and memorize. Once u get a few for the type of day, then u can continue to combine vol in other ways. The problem is u need to execute with lightning speed and I just got tired of having to be glued to the computer.
When I was scalping I was going for on average 1.5-4 Es points
Hello, September and hello gravity.
Came close to 4435 at the end of last week. An Outside Month is only about 80 points lower.
5 days down on ES in a row. That's not happened since last October and we continued substantially lower from there.
The prior week opened gap down and continued lower for the remainder of the week closing on the week low on a Friday. The last 3 of 4 times this happened - the following week closed higher than it opened, i.e., a bullish outcome by end of week.
The 4th sample saw substantial selling in the following week.
I think Monday should be telling. Depending on where and how we open I'll be primarily looking to go long on a bounce, but it's very possible that Monday will be a grand day down regardless of the close by next Friday. Option expiration by end of week add to the excitement for the week ahead. Probably going to see some good swings.
EDIT: Probably 4350-60 next week if this continues lower.
The prior week opened gap down and continued lower for the remainder of the week closing on the week low on a Friday. The last 3 of 4 times this happened - the following week closed higher than it opened, i.e., a bullish outcome by end of week.
The 4th sample saw substantial selling in the following week.
I think Monday should be telling. Depending on where and how we open I'll be primarily looking to go long on a bounce, but it's very possible that Monday will be a grand day down regardless of the close by next Friday. Option expiration by end of week add to the excitement for the week ahead. Probably going to see some good swings.
EDIT: Probably 4350-60 next week if this continues lower.
Last edited:
Grabbed a lotto ticket on the Open. Probably going to get stopped out as I expect the lows to be tested, but you never know for sure...
Also why I won't use a large stop.
Also why I won't use a large stop.
I went long S&P at close on Friday (UPRO) based on daily patterns and bullish seasonality. I didn't go all-in as I factored in the possibility of another 10 point drop on open but definitely favoring long side today.
almost every weekly red bar has been bought the following week this year. Not a bad strategy
Buy the dip, right? LOL! I was / am definitely biased more for S&P 500 today, though.
Flat, but looking for a long around 4450. A quick 15 point drop below if 50 doesn't hold, IMO.
September, remember.
September, remember.