That was fun. The smart thing as a short term trader would probably be to trail this one tightly or exit here, but I'm locking in 12.50 points and risking the rest in case this actually breaks out.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
The low of day yesterday in S&P500 was a pretty good support level and even while I don't "love" the stock market right now, I can't argue with my "macro" fundamental indicators that continue to suggest "all is still OK." So will continue to lean long but if I like something better in the macro theme picture (like ETHE yesterday), I'll go with that.
Flat @ 70.50 for a quick + 17.00 as I have to be somewhere. Let's see if that was a mistake or not.
I have support at 67, but could quickly drop back to my entry, too, even if higher on the day.
I have support at 67, but could quickly drop back to my entry, too, even if higher on the day.
If ES is going to hold, this would be a good place.
if you draw channels, which i rarely do, but this is good channel PA, the bottom touch of the channel on the 60 min charts is around 4423 on the december contract for what its worth. I'll be buying there, and averaging down if it breaks under.
I've got a measured move down to 4423.
4425 was low -- close enough for government work!
Everyone waiting for the bounce? 
7 Lower Lows in a row without taking out the prior day high. That's a first in the last 6 years and I imagine quite rare with a longer lookback period, too.
Seems very controlled so far. The last time we dropped around 130 points it happened in 2 days. Now we're at 8 days. Only down -2,38 % from ATHs at this point.
Considering a new lotto ticket over the eletronic close.
7 Lower Lows in a row without taking out the prior day high. That's a first in the last 6 years and I imagine quite rare with a longer lookback period, too.
Seems very controlled so far. The last time we dropped around 130 points it happened in 2 days. Now we're at 8 days. Only down -2,38 % from ATHs at this point.
Considering a new lotto ticket over the eletronic close.
Everyone waiting for the bounce?
...
Nah, I bought near the current top a week ago, because I keep reading it is risk-free.
No worries. Rickshaw ensures 100% you will be made whole.