L 4307
12 point stop
12 point stop
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Here is my version off BB stuff on DAILY chart.
Red is VIX and green is SPY. PA is clearly in momentum stage as both are currently outside BB. If I were a short to medium term trader, I'd not hold any long position unless both go back inside the channels or outside the channels in opposite direction.
Going out for a walk with my dog.
P.S. I'll stop posting my PnL screenshot from now on 'cuz it's getting bored to do it everyday.
Red is VIX and green is SPY. PA is clearly in momentum stage as both are currently outside BB. If I were a short to medium term trader, I'd not hold any long position unless both go back inside the channels or outside the channels in opposite direction.
Going out for a walk with my dog.
P.S. I'll stop posting my PnL screenshot from now on 'cuz it's getting bored to do it everyday.
I am going to wait for an actual buy signal on the NQ/ES Daily chart before I get too bullish. Do run the risk of price being substantially higher when signal comes in, but that isn't always the case, plus considering we built a distribution area on NQ Daily above us prior to coming down, means personally not interested in trying to front run this. Clearly they mean business.
Indicators are in a sweet spot, where strong buys typically generate from. Just not worth front running it, given the setup and scenario at least from my opinion.
Indicators are in a sweet spot, where strong buys typically generate from. Just not worth front running it, given the setup and scenario at least from my opinion.
Buy high, Sell higher. Sounds like Turtle trend following to me.
It's not how I generally day trade, but given the potential severity of this setup (in my personal opinion) I want to see at least some integrity to the longs if that makes sense?
I mean it's one thing to look to buy dips intra-day when larger charts are bullish. It's another (for me and my risk tolerance) to look to do that on a larger chart like the Daily when they purposely set up structure to sell into buying liquidity.
Hopefully that makes sense.
When someone buys an IHS setup that is basically what they are doing. Or sells a HS setup, the reverse is true.
Oils up, vix is 32 and there's huge volume buying upside calls on it, I dunno... but it sure seems like the market is trying to tell us something.
I've said it all week, the Fed is one thing, but it leads into the TSLA earnings report.
What if TSLA drops 20%?
The low $700's is not a stretch.
I think we're going lower.
I've said it all week, the Fed is one thing, but it leads into the TSLA earnings report.
What if TSLA drops 20%?
The low $700's is not a stretch.
I think we're going lower.
Yeah the move yesterday was very weak.... if there was real intention behind it, they would not typically come back down here and let sellers/shorts out. Would of kept them in for fuel to the fire for the upside move. Clearly selling into the new buying liquidity / short covering took precedence.
Going to need see something from bulls, otherwise going to continue to take shorts setups on pops. Like I say it could rip 500 ES points tomorrow on FED, but I don't have any probabilities on that so I'll be fine with missing it and can just trade the reaction.