ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
didnt take a trade til it started to turn over well after the news but I have no complaints other than my lack of sleep lol. Took a nice one from 60-35.
the overnight steal is here.
ES down 70+
NQ down 350+
YM down 480+
And my new interest, 6C down .00105
Good trading to all.
ES down 70+
NQ down 350+
YM down 480+
And my new interest, 6C down .00105
Good trading to all.
That's definitely one way to look at it and a perspective which I can understand. I just don't have the same perspective. To me news is just a catalyst for setups to complete.
It's not like we we're trading at the highs, war news came out and we dropped a ton you know? They we're setting up the markets in a very controlled manner to sell into pops and larger charts have been bearish for a while, even hints as far back as Nov 2021 on some markets (RTY). So, to me any pops up I look to potentially short as a gift if the setup is there and falls under my particularly perimeters.
I admit I may take a difference stance if like I said markets were at highs, news came out and we just starting dropping hard (similar to the news a while back off missiles being fired in / near IRAQ I believe, the market sold off hard and instantly, but than bounced right back super aggressively). That was aggressive panic selling, that caused an imbalance in the market.
That is not at all akin to what is going on now, again this has been very consistent and intentionally selling from the start. Last point is once larger charts put in this pattern and start to aggressively hunt lows as compared to aggressively hunting highs, its pretty low probability that we get a strong move up, that just holds and keeps going higher. Typically at best we have to move up, fade, move up higher again and etc.
Just to be clear not trying to debate or even say my way is the right way to look at it. Just offering this perspective, because to me this is the most consistent and logical way I find to approach the markets, which may be different for you.
Helps me a lot to track NQ/ES (and even RTY). Like once you identify the probability is they are hunting lows and NQ takes out it's relative lows, more often than not ES will follow which it did in this case and took out 4263.25 and obviously gave more downside to NQ as expected. Although was looking for this prior to the close, they waited till re-open to complete the setup.
look, es/NQ is back, if you placed a short trade at dinner time, you lost.I just don’t understand who is buying and who is selling.
Ok sorry appears I am not very good at explaining things. Just to clarify though I am not saying place a trade at dinner time.. that's taking what I am saying out of context, using a micro example, after we just took out ES relative lows. I am more speaking of when we get pops and if I get a short signal per my perimeters I am taking it. Personally would not look to short after taking out a relative low either, because puts the market in a position to regain that lost relative low and if nothing else squeeze some shorts out. So, on that we agree.