ES Journal - 2021/2022

Flip short
Its probably not a good night for trading unless you bracket a range with limit orders of approximately 52 points on the ES.
It's chop for now. Let it come to you.
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edit... use 54
 
Its probably not a good night for trading unless you bracket a range with limit orders of approximately 52 points on the ES.
It's chop for now. Let it come to you.
>>>>>>
images

edit... use 54
Ya, I think I'll call it a night after this one.
 
I predicted this, to a degree anyway, remember the 3,505 SPX level I mentioned in a different thread, simple, yet effective, just like the amount of times the market rallies towards the NFP report, simple, yet effective. Of course analysis is one thing and trading the fucking thing is a different hairy beast. FWIW I did get stopped out of the long I was in, but I am back in with a vengeance, divergence has now been confirmed on the daily chart, which should provide sufficient fuel with the touch of 3,505 (Ok, fine, 3,500 haha), for a rip your face off rally to towards 4,200 IMHO.

Well, you did call for a bottom earlier this week… :)

Specifically, what I meant is predicting today’s intraday action. From a 3% drop premarket and a rally back up to + 3%.

I haven’t run the numbers, but I’m sure Thursday was an n < 5 type of day.
 
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