ES Journal - 2021/2022

[SunTrader]

Last Thursday's RTH Close. Not at my trading computer yet, but this should do...

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Mentioned this before but don't know why you look at RTH only. As you know futures trade 23 hours a day and many days move more ETH than RTH.

3 other gaps just going back to Aug on current front month. I only daytrade so it doesn't concern me much other than on any recent (Fri to Sun) full trading session basis.

 

[Laissez Faire]

Mentioned this before but don't know why you look at RTH only. As you know futures trade 23 hours a day and many days move more ETH than RTH.

I never said I look at RTH only.

But my main methodology is based on the RTH session which still is "king" as that's when SPX "trades" and most volume is traded. The levels printed in the RTH session are important and if one tracks ETH only those may be missed unless one have other ways to track them.

I'm leaning long here. Targeting 3750 on the day.

But I'm anticipating an initial pullback, so will wait a bit and see what develops before committing.

Good luck all.

 

[wiesman02]

Mentioned this before but don't know why you look at RTH only. As you know futures trade 23 hours a day and many days move more ETH than RTH.

i find that eth trends well 2 overnights per week on average. Sometimes 3. Last night was one of them and I made my daily nut. I doubt I’ll trade the regular sesión today Bc of it

 

[Laissez Faire]

I'm leaning long here. Targeting 3750 on the day.

But I'm anticipating an initial pullback, so will wait a bit and see what develops before committing.

Good luck all.

Got my pop and trailed out for +9,50 points at 3717. Grr...

For my entry, I was simply trailing a buy stop above market as I was trying to time the breakout of the pullback. I like this method when I feel confident we're headed higher.

I've had a few big winners revert back to zero or close lately, so just had to book this today, although I think we have a good chance at getting at that 3750 target today. In hindsight, I should have trailed it to + 5 points and not + 9,50.

I will take the bigger wins as soon as my account is a bit more cushy.

 

[Laissez Faire]

One of the biases you can use intraday is that there's a high chance we'll take out either the prior day high or low.

Those who say the market are random and unpredictable can't deny that we just reversed + 2,50 points above yesterday's high. Clearly a non-random reversal point and easily anticipated in advance.

With that bias already "used", there's less to lean on, so the "conservative" and safe target is already tagged.

There's a lot of tails coming out of this 3730 zone on the hourly chart - which means a failure to breakout certainly is something to consider.

But if the breakout is successful, I don't see why we can't see 3750 or even 3770 by the Close.

And as I'm writing that the market is pulling back substantially. Meaning we have a failure to breakout for now. Probably a good time to sideline unless you have a nice short entry on.

 

[mervyn]

first trade a win, 3722 short 3715 flat on 5 lots.

 

[SunTrader]

ES atm @ 50% of (total) day's range.

Same with NQ.

 

[SunTrader]

IMO need to hold if it is going to move higher.

Wicks extended down to 61.8% and stabilized (?) somewhat.

 

[SunTrader]

Meanwhile cumulative $TICK and A/D line have been rolling over.

 

[SunTrader]

I don't know if anyone noticed but yesterday $SPX made its lowest close of the year. Lower than lowest June close.