ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Despite Spooz being +8 right now… I’m anticipating a gap South tomorrow… still waiting for the 3460-3499 zone to be kissed, completing the Daily H&S… still positioned net short from time of this original post… Sept 23rd but a bit smaller!
Last edited:
It still remains to be seen, but if we break down lower from here in earnest, I'm also seeing 3400 as the next target.
Beautiful R/R on a long down here, yes?
I asked about slippage related to the prior CPI report, but received no serious answer... 
Let's say you're long from 3590 and you're 20-25 points in profit by the report. Is it safe to hold it with a breakeven stop (20 points away from the last traded price) in order to gamble on a spike up?
Or would a reaction similar to the drop last month give you severe slippage even on a stop that's way below market?
Let's say you're long from 3590 and you're 20-25 points in profit by the report. Is it safe to hold it with a breakeven stop (20 points away from the last traded price) in order to gamble on a spike up?
Or would a reaction similar to the drop last month give you severe slippage even on a stop that's way below market?
I asked about slippage related to the prior CPI report, but received no serious answer...
Let's say you're long from 3590 and you're 20-25 points in profit by the report. Is it safe to hold it with a breakeven stop (20 points away from the last traded price) in order to gamble on a spike up?
Or would a reaction similar to the drop last month give you severe slippage even on a stop that's way below market?
I was long from 92, but stopped out on a trailing stop. Got back in on the long side where I exited as the market stalled. I think this trade could easily be worth 100 points to the upside, but it's just too risky to hold into this report coming up.
Last month's CPI tanked the market, but, that happened coming of a strong run higher, i.e., a short term top.
This time, we're at year lows which have refused to sell off and we already know that the FED is determined to hike as much as needed to take down inflation.
So, barring any huge surprises on that number, I don't see why we would be tanking today as a result of those numbers...?
I may consider holding this...
EDIT: Flat for + 20.00. Better safe than sorry. Let's see if I'll regret that.
Last edited: