ES Journal - 2021/2022

[Laissez Faire]

You are right, but vix is near 35 now. That doesn’t happen often, and when it does, it will collaps the next trading day

Yes, the VIX appears to be mean reverting, but it certainly can go higher than 35 and remain elevated for some time. With the correction in October I believe it was below 30 for the entire move.

I wouldn't be surprised to see a large gap down on Monday's RTH Open.

 

[Buy1Sell2]

Yes, the VIX appears to be mean reverting, but it certainly can go higher than 35 and remain elevated for some time. With the correction in October I believe it was below 30 for the entire move.

I wouldn't be surprised to see a large gap down on Monday's RTH Open.

I would rather not have a big gap down Sun night. I don't like the market to get ahead of itself

 

[Zodiac4u]

Agree with all of that.

I tossed him the $4 just because it's a good cause. Will be interesting to analyze his calls in the coming month or two.

Its always good to learn from people who have more experience yourself and yes it is a worthy cause, I give money to people in need all the time,

 

[Zwaen]

Yes, the VIX appears to be mean reverting, but it certainly can go higher than 35 and remain elevated for some time. With the correction in October I believe it was below 30 for the entire move.

I wouldn't be surprised to see a large gap down on Monday's RTH Open.

It sure does..always be careful indeed. I just like the calls being made in this thread and try to bring perspective

 

[NumberZ]

If not - Outside Day with new weekly lows possible...

I wish I had seen this but I stayed away from elitetrader today. At same time as you posted (9:54 AM) I wrote "probably going to yesterday's low and make another outside day." I wrote time as 9:53.

Statistics! When a break of the yesterday high fails, and price retraces below a point, then very often outside day.

I find weekly and daily help me with my day trade expectations. You too @Laissez Faire?

 

[NumberZ]

If a fool can spend more than 4$ on a coffee and not pay 4$ for a months worth of calls just to see how well the retired NY floor trader does, this is another kind of idiot.

Agree!

I value experience in others especially when it is professional credential.

 

[Buy1Sell2]

Journal open to all.

 

[Laissez Faire]

Statistics! When a break of the yesterday high fails, and price retraces below a point, then very often outside day.

Sure, but very often may be an exaggeration. Approximately only 9 % of all trading days are Outside Days. 23 so far this year including today.

I find weekly and daily help me with my day trade expectations. You too @Laissez Faire?

Yes, I do think they're useful.

 

[NumberZ]

very often may be an exaggeration.

"Very often" refers to failed high breakout and retrace of half yesterday's range. Test it. Not "very often throughout the year." Sorry for my unclearedness.

 

[Zodiac4u]

T

This mornings $ES, Bearish engulfing with a solid red break below the V-wap on good volume, it was a perfect momentum play, Lets not forget $SPY's breakdown, 1mn had two red bars close below the V-Wap, Each bar had volume just shy of 500K, as an $ES Trader that's all one had to see,