Out at 4325.50 for gain of 447 points.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Waiting to re-short. ---as far as medium to long term for now
That was not a very healthy up move on NQ.... suspicious of these up moves and being careful seems like they are getting desperate for some liquidity to sell into.
EDIT: If this is real and trades above 4371 on ES could rip... but until than being careful long here. ES looks a lot better than NQ.
EDIT: If this is real and trades above 4371 on ES could rip... but until than being careful long here. ES looks a lot better than NQ.
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Or the other way around? If you were a buyer, why would you wait for the perfect sell signals to buy each time? Unless you were looking for sellers to give you the volume to buy?
And the answer is ?
The answer is the price action. Lots of selling signals turned to sudden upward spikes suggesting the big players are trying to buy up at the moment, hence the price going up today.
I read it as them buying to sell into. To be fair both initial NQ pops faded nicely. In the end appears it was them selling to buy into yes, but that's why I have the 4371 ES level, above that I realize my macro read was incorrect, despite winning some of initial trades. At that point I went long.
But we don't always know 100% which one they are doing, that's what my benchmark level was for. Hopefully that makes sense.
Also, this is first day in like 12 trading days we're cleanly traded above the benchmark level. So other days it paid for me to lean toward them buying to sell. Today was incorrect... but once we started trading above I knew to back off and look long.