ES Journal - 2021/2022

[Laissez Faire]

I am not loving this action, don't think I am going to take a long. Will wait for tomorrow and trade it closer to the open. It is possible I wake up and miss the move, but rather miss a trade, than end up negative or taking a trade I don't clearly see.

Good call.

Always the risk of a deeper pullback here, so it depends on your risk tolerance. There’s always a pullback to re-enter.

 

[SunTrader]

NQ had like a 45 point gap down during that move up lol. Crazy.

Not on my chart. Open was 11393.75 and LOD so far is 11388.00 or 5.75 pts diff

 

[Laissez Faire]

A false BO for now. Usually it's always a problem when price moves too far, too fast. What comes up, most come down.

I would guess higher again, though. And probably a gap up by tomorrow and maybe even a larger gap. Just not sure about the path to get there.

 

[Concinnity]

Not on my chart. Open was 11393.75 and LOD so far is 11388.00 or 5.75 pts diff

That's why I was saying during the move up. We moved up and than we gaped down, than went back.

 

[SunTrader]

That's why I was saying during the move up. We moved up and than we gaped down, than went back.

When? Nothing even on a 15 seconds chart.

Three questions, is your data live, do you pay something to get it and who is the data provider?

 

[Concinnity]

When? Nothing even on a 15 seconds chart.

Three questions, is your data live, do you pay something to get it and who is the data provider?

View attachment 298062

Yes, I have live data, yes I paid for it and use the same broker as you do(but use the legacy build) not a big fan of version 10. I updated my charts and you are correct there is no gap. Apologize for the misinformation, I stand corrected.

 

[SunTrader]

Yes, I have live data, yes I paid for it and use the same broker as you do(but use the legacy build) not a big fan of version 10. I updated my charts and you are correct there is no gap. Apologize for the misinformation, I stand corrected.

Also not a TS 10 fan and will continue to use TS 9.5 for as long as they let me.

 

[Builder17]

I get your notion but i have to disagree.

Getting rewarded when the markets do something other than what you calculated is dangerous and more harmful then it is good long term. I personally dont care to be rewarded for being wrong. Bad habits and a false sense of "doing this right" can kill you.

guess I was meaning more in the sense of being flexible with plan and cutting position and possibly reversing in true direction. Being disciplined enough to understand where market could go, instead of where you wanted it to at the start of the day, week, etc. In that sense, initial analysis is secondary to execution and discipline.

 

[schizo]

guess I was meaning more in the sense of being flexible with plan and cutting position and possibly reversing in true direction. Being disciplined enough to understand where market could go, instead of where you wanted it to at the start of the day, week, etc. In that sense, initial analysis is secondary to execution and discipline.

All good points, but certainly not as easy as it sounds, especially in the early chapters of trading.

 

[Laissez Faire]

Not chasing this, so just have to wait for a PB now.

Someone chased and bought this top. I'll be happy to buy from him.

There's always a pullback on ES, isn't there?

ES/NQ both pulled back to unchanged. NQ filling the Globex gap up.

My best best is we'll hold 3760/50 for now and make another run towards the high (3800/3820) today. Be that during RTH or ETH.

Barring any negative news from Europe.