Here is it starting to play out now... 15154.50 would be area of interest. But only 23 minutes left, so no clue if we get there before close.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Here is it starting to play out now... 15154.50 would be area of interest. But only 23 minutes left, so no clue if we get there before close.
This one went 3 times the measured move.
28.50 was the top of a distribution zone on a fairly large chart.... I should of stuck with my trade, was really just a trading error should of kept a futures runner(I did keep a small equity position short, but wasn't a lot). Of course always possible we went to the above level I mentioned as well, but that was just a simple resistance line, wasn't part of a previous distribution area or anything. Bottom line is should of traded what my plan was and not try to get cute and add in stuff that is more discretionary.
Can't complain I was being careful, it was the choice I make have to live it, on to the next trade.
NQ 15170.75 low. Surprised it didn't get full target, but honestly that's close enough when trading big moves like these. I am 100% flat now.
Perfect example of how the Large TF’s dominate the theme/ PA over smaller TF’s …
they say every good scalper eventually moves to higher tfs. I’m no exception. Hourly to 4 hour charts make my trading decisions. Best thing I’ve ever done
15283.50-15328.50 This area is where we need above in order for NQ to get any type of sustainable run. Same 15328.50 that I shorted yesterday, still the same distribution zone there. I'll be looking short at / under that level. If we're below the level and get a buy signal or long setup, this area will also be likely a magnet for price and where I'd look to take profits.
Lastly if we start trading above the level for a while, I'll be looking for some shorts to be squeezed out.
This is my general plan today.
Lastly if we start trading above the level for a while, I'll be looking for some shorts to be squeezed out.
This is my general plan today.
NQ held the zone nicely, but seems to be a little more fight today than yesterday. I am a little less excited about the short, just going to be careful if we pop above 15328.50 decently. Can be pretty brutal if caught short.