ES Journal - 2021/2022

[Handle123]

Really? Live or feeder? I would love to jump into the LE space, but it just seems so...unwieldy. Performance bonds are insanely low compared to the others I trade. I just...It seems so cyclical, and I am not mentally trained for cyclical instruments.

Am still long both Live and Feeders and Short Hogs, been trading them since early 90's, just love trading them, when they get a little wild will even day trade them, coffee another great market long term and lite volume day trading.
Was long Coffee since May 2019, started shorting it this past July, took partial profit, might most likely get stopped out if coffee breaks July 2021 highs then next highs Oct 2014.
I enjoy trading long term commodities, very easy, slow till not slow, add ons, it is like passive income but have to hedge.

 

[formikatrading]

Still long stock market here. Everything looks good overall BUT we are up against potential resistance right here AND a volatility risk indicator that I use is now at an extreme level -- now it can stay there for a while but it's a level that I need to be a little more careful so not adding anything. Is it me or does natural gas finally look really heavy now and could correct even more?

 

[mervyn]

Fib over 61.8 is a good sign, few more sessions to confirm the reversal. 31 points captured today, log off.

 

[Spooz Top 2]

Given IHS measured move... despite cock-eyed NL... PA should be targeting 4540-50 & retest of swing High`s... 147 to 198 Handles from the established NL.

 

[NumberZ]

but have to hedge.

How do you hedge?

 

[vanzandt]

Now with the Fibs...
Here we have the same chart, SPY, and a target.

View attachment 269410

Target hit.
Ya'll have a good weekend.

Be safe.
queued

 

[vanzandt]

Probably come out of the gate strong.
If not... that would merit a "hmmm(?)".

 

[wiesman02]

Probably come out of the gate strong.
If not... that would merit a "hmmm(?)".

Do you find value in how it performs out the gate ? I dont put much merit in it. Nonetheless, we haven't had a decent pullback on the 60 min since Wednesday morning. I personally don't trade this straight up PA no pullback. I save that $ making for my retirement accounts.

 

[mervyn]

Probably come out of the gate strong.
If not... that would merit a "hmmm(?)".

I don’t buy out of gate on Sunday night unless it is a major drop. Will wait at least to asian opening around 9pm ish. Never able to to buy at Friday closing price, not worth the risk.

 

[vanzandt]

Do you find value in how it performs out the gate ? .

For the bigger picture I do. It depends on the volume though.