ES Journal - 2021/2022

QTrader20 · Jan 28, 2022

My first trade of the day

theapprentice · Jan 28, 2022

tryong short here 4355
12 point stop

Spooz Top 2 · Jan 28, 2022

Laissez Faire said:
This is partially what I saw.

Momentum fizzled out a bit here now, so that's discouraging on the long side...

View attachment 276549

Hey LF, Let us know what your daily % report indicates!

Buy1Sell2 · Jan 28, 2022

Excellent action, and expected, for the down case. --Staying short

Concinnity · Jan 28, 2022

Concinnity said:
AAPL is flirting with getting above it's Daily resistance I have at 166.55 I am currently being careful on fading this rally.

I don't normally look at individual stocks, but with AAPL ER, being weighted so heavily and being near resistance, was watching this and it saved me from fading too aggressively and getting trapped. Now can look for better entries

theapprentice · Jan 28, 2022

4355. Edited

theapprentice · Jan 28, 2022

stopped. Done for the day. Have a good weekend all

Buy1Sell2 · Jan 28, 2022

As one can see, there is plenty of room for rallies without the downtrend ending

Builder17 · Jan 28, 2022

Buy1Sell2 said:
As one can see, there is plenty of room for rallies without the downtrend ending

View attachment 276699

Why not get out of position when reversal possibility shows on smaller time frames and then reenter on larger ones?

Buy1Sell2 · Jan 28, 2022

Builder17 said:
Why not get out of position when reversal possibility shows on smaller time frames and then reenter on larger ones?

Could do, but there is no buy signal yet on daily. I would have to monitor the lower time frames extensively for when to get back in and could end up wrong. More entries----more chance to be wrong.