ES Journal - 2021/2022

Using 5-minute bars and not precise timings:

09:40 today.

09:50 Friday.

An FBO, failure to breakout, of the opening range low. Pay attention to those. They can help you put some money into your pocket. :)
 
Staying long, according to 240 min chart there are no reasons to pull the trigger, yet.

EDIT: we did tag the 50% fibs (Aug Hi to Sep Low), but there is no weakening price action.
 
I noted this too. But given my position was established under 4000, strong conditions, and I'm playing an intermediate-term long play, I'm holding. I know we can pullback with September seasonality.

SunTrader said:
Careful with longs - $VIX didn't really go much lower than overnight range.
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Master Pu said:
I know what you mean, but I see a contradiction in what you posted here and few posts prior to, when you said this is going to be the big one, surely this expectation was based on what you were/are reading in the news and not so much what you were seeing in the technicals.
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This is The Big One when it comes to monthly charts. Right now though the weekly is in an uptrend (bounce).
 
formikatrading said:
I noted this too. But given my position was established under 4000, strong conditions, and I'm playing an intermediate-term long play, I'm holding. I know we can pullback with September seasonality.
More...
My comment was strictly towards today's PA.

And now $VIX made a new intraday high - again applies only to current day. Maybe even just this morning the way things change on a dime, and again on another dime.
 
I understand. Funny how we're looking at some of the same things -- I like how you think!

SunTrader said:
My comment was strictly towards today's PA.

And now $VIX made a new intraday high - again applies only to current day. Maybe even just this morning the way things change on a dime, and again on another dime.
More...
 
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