ES (trying to) breaking out, but NQ still spoiling the fun.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Man terrible trading by me. Never covered my short kept adding and covering, overall terrible trading, but to be fair I never went negative from my profits was always up at least $350.00 So wasn't so bad in that regard. Just knew the 14456.25 had high probability to hit.
I am flat now though.... was my intention to try and hold to 14456.25 per my comment, but got stopped out on the 3:50 bar.
I am flat now though.... was my intention to try and hold to 14456.25 per my comment, but got stopped out on the 3:50 bar.
That was a quick 50 points over the last 35 minutes. Kudos to those who catched it. Weakness in NQ was the key all along, IMO.
In hindsight - FBOs signaled every major turn on today's range bound session including this last drop. I seem to be good at entering on FBOs of a LOD, but not so good at entering on FBOs at a HOD.
Fortunately, I did recognize it and did at least scractch out a few points of the long I was holding, although giving back some handsome gains.
There still seems to be good demand in this zone, though. Yet another FBO. Maybe the market will be able to find and sustain a direction tomorrow:
In hindsight - FBOs signaled every major turn on today's range bound session including this last drop. I seem to be good at entering on FBOs of a LOD, but not so good at entering on FBOs at a HOD.
Fortunately, I did recognize it and did at least scractch out a few points of the long I was holding, although giving back some handsome gains.
There still seems to be good demand in this zone, though. Yet another FBO. Maybe the market will be able to find and sustain a direction tomorrow:
I really hope you caught that 15m OVB at R!
I’m in process of building short position in my position account here… The MO remains the same on late day sell offs! I was able to sell 4510 and will continue to build this position!
Megaphone range buildout continues to build here…. 15m
Lots of big money traders in $SPY today, they wouldn't let it sell-off until they unloaded their inventory from Fridays buys, should be interesting tonight.
This starting to look more and more like just some short term buyers coming in here holding up the market temporarily. ES below 4490.50 and NQ below 14633.25 than I am bearish bias.
Really want to see a candle close on the Daily charts above these levels. However, if we trade above them intra-day will be more careful short and be open to taking long and short setups.
Really want to see a candle close on the Daily charts above these levels. However, if we trade above them intra-day will be more careful short and be open to taking long and short setups.
My best guess is that we'll see a good long move coming out of this base as SPX fills the gap from above. Then we'll see if that zone reverses the short term trend for a move lower again or if we get continuation higher.
No posting trades today, but I'm long here myself and will leave it at that.
No posting trades today, but I'm long here myself and will leave it at that.