ES Journal - 2021/2022

[Spooz Top 2]

To be clear - you shorted starting yesterday and anticipate a larger move down from here...?

To be clear… that’s correct! I sold a couple at 4510 .. as not to miss downside move should we broke the other way, I could’ve built on that!
However we broke the other way, as I noted yesterday on the move from 4486 to 4530.. then possibly to 4550… got lucky on larger move & I sold 5 more here at 4580 … 2 more here at 84 at R… Cutting my cost avg nicely….
I can swing up to 25 cars comfortably here with good sized swings in my position acct where the big money is made!.. Currently short 8 cars.. only 1/3 rd & modest position for 2-3 month swing trade…
I scale in & out of these positions on significant moves… adding and subtracting as we flow.

I don’t usually elaborate on my position size or strategy… but made an exception for you.

How’s your methodology working out for you?

 

[Spooz Top 2]

He’s trading around his short 1 lot of ES with 2 micro lots.

Evidently a dual poster loaded with resentment!
Easy read….

 

[Overnight]

My simple view is that the market is breaking out to the upside. If we can clear 4600 on ES tomorrow I think we'll see 4654 already tomorrow or Friday at the latest.

Today SPX filled the first gap above. There's a small chance we'll print a mini double top or FBO here, but I have to say I favour the long side from here.

Updated:

View attachment 277813

Your premise will be tested tomorrow morning with the latest CPI print. If it's negative (or at least lower than expected, YAY!) If it is higher than expected, look out below!

 

[Laissez Faire]

To be clear…that’s correct!

I don’t usually elaborate on my position size or strategy… but made an exception for you.

Got it. Thanks for clarifying.

Humbly, I don't think anyone is obliged to do anything, but if one is posting about building a position and calling trades, I don't think it's out of the way to keep things transparent.

Since the market rallied so strongly these last two days I was merely curious if you were still holding short at this point.

How’s your methodology working out for you?

Good week so far. Been on the right side of the market all week, except Monday's late session sell-off (but I was on the sidelines and didn't lose anything on it).

 

[Laissez Faire]

Your premise will be tested tomorrow morning with the latest CPI print. If it's negative (or at least lower than expected, YAY!) If it is higher than expected, look out below!

Should be interesting. Maybe we're back to bad news is good news...?

 

[Overnight]

Should be interesting. Maybe we're back to bad news is good news...?

Well, there is something troubling about this weekly rise we've seen. This morning JPMorgan talked about a "whisper" that the print would be way lower than expectations. I think that has set-up the algos for a false-flag deal. I am expecting a VIX spike tomorrow back to the near-mid-20s, which means down for tech, and up for the 10Y. Here comes 2%!

 

[tiddlywinks]

My simple view is that the market is breaking out to the upside. If we can clear 4600 on ES tomorrow I think we'll see 4654 already tomorrow or Friday at the latest.

Today SPX filled the first gap above. There's a small chance we'll print a mini double top or FBO here, but I have to say I favour the long side from here.

Updated:

View attachment 277813

Using channels, you can see today as a breakout... Todays volume was lowest since January 3!

Tomorrow, with it's potential to be news driven, I see an outside day in the making.

 

[Overnight]

Using channels, you can see today as a breakout... Todays volume was lowest since January 3!

Tomorrow, with it's potential to be news driven, I see an outside day in the making.


View attachment 277824

Gratz. You win the annual ET-ugliest-chart-of-the-year award, awarded never. I mean seriously, why the pink? And your bottom trend-channel line is flopping around out in nowhere land. LOL

 

[formikatrading]

Swing trading and holding overnight is where it's at. Make money while you sleep!

lol I hate overnight rallies... just mentioned last night to some people I thought they were going to phone in one, half way joking.

Just going to be patient for a setup, since I already know days like this is where I typically perform the weakest.

 

[tiddlywinks]

Gratz. You win the annual ET-ugliest-chart-of-the-year award, awarded never. I mean seriously, why the pink? And your bottom trend-channel line is flopping around out in nowhere land. LOL

I wear your award as a badge of honor, especially in todays all inclusive world.

Maybe you should learn to embrace colorization... it might help you make profits!!