Stops in the overnight session can do that as it's so thin.---3 guys in their mom's basement adorned in underwear trading the overnight.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Bingo! Very significant break just opened the flood gates for what’s about to come…
The Big One!
Time to put the coffee on… I’m gonna trade the hell out of this break and pull an all nighter…
good call
Trade well man, I know you will. I am actually going to get some sleep and attack it in the morning. Made 78.75 points of risk tonight. Going to use those points to trade tomorrow and see how many solid trades and points I can make with that risk I earned. If I lose 78.75 points tomorrow than going to call it a day.
So there we really go now..
Would be very interested how the daytraders would 'play' this today from the opening
If any comparison is possible, when you look at the bars on ES in march '20
these bars are between 6-12% in range. At the time of writing, the ES bar is 'only' 2.8% in range. So it seems extra shorts are not out of question. Next, the bars in march '20 are 'alternating', thus red bar, green bar, red bar etc.
Do you think it's already too late for shorts and best to wait for rally up? Would you look at intraday charts and sell the rallys on the 1-5 minute timeframe?
Would be very interested how the daytraders would 'play' this today from the opening
If any comparison is possible, when you look at the bars on ES in march '20
these bars are between 6-12% in range. At the time of writing, the ES bar is 'only' 2.8% in range. So it seems extra shorts are not out of question. Next, the bars in march '20 are 'alternating', thus red bar, green bar, red bar etc.
Do you think it's already too late for shorts and best to wait for rally up? Would you look at intraday charts and sell the rallys on the 1-5 minute timeframe?
So there we really go now..
Would be very interested how the daytraders would 'play' this today from the opening
If any comparison is possible, when you look at the bars on ES in march '20
these bars are between 6-12% in range. At the time of writing, the ES bar is 'only' 2.8% in range. So it seems extra shorts are not out of question. Next, the bars in march '20 are 'alternating', thus red bar, green bar, red bar etc.
Do you think it's already too late for shorts and best to wait for rally up? Would you look at intraday charts and sell the rallys on the 1-5 minute timeframe?
It really depends on if you shorted from higher and how many points you locked in, also account size, risk tolerance, skill level and etc just my opinion.
Personally I'd prefer a little rally before looking short, but I am still willing to short, just prefer a rally first and than wait for a short setup I know and use fairly tight stops and if I get stopped I get stopped. Can't afford to hold through a 100+ point NQ move, than add and than have it go up another 50-100+ points. Just not an option for me.
I imagine we have at least some type of short covering rally again eventually, like the 224 point move we had last night.
