ES Journal - 2023/2024

Laissez Faire said:
Wild moves. I'm getting freaking drunk tonight and will forget about the markets until tomorrow.

I can't be the only one finding this action exhausting?

A very decent green day today, but still 2K below where I was this morning. I erroneously thought I had a bit of a cushion by the RTH Open and sized up a bit more than I should have and got chopped up on a few trades during fast chop.

I may be sizing down to micros again tomorrow.
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Glad you did well still. It didn't matter how small or big my stop amounts were today I would get stopped out and watch the price go the way I expected. Both long and short.

Down £712 for the year now. Not terrible, but the worst year I have had so far.
 
For the short narrative you need the large order flow reverse negative to sustain move under 5200.

price is hashing back and forth in 100 point handles. Usually seen near support or resistance.
 
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Spectre2007 said:
For the short narrative you need the large order flow reverse negative to sustain move under 5200.

price is hashing back and forth in 100 point handles. Usually seen near support or resistance.
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If you can handle the whipsaws, I say stay short. We're likely to go down to 5000, which is only little more than 200 points from here (currently trading at 5214). The problem is it could possibly drop even more than that, you know as in "falling off the cliff".

BTW that's a lot of lines... :sneaky:

es8724a.png
 
schizo said:
If you can handle the whipsaws, I say stay short. We're likely to go down to 5000, which is only little more than 200 points from here (currently trading at 5214). The problem is it could possibly drop even more than that, you know as in "falling off the cliff".

BTW that's a lot of lines... :sneaky:

View attachment 346056
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Naz selling off and Mag7 is not able to hold the market up. So the thesis for a sustained drop is there. Election Year is the confounding factor.
 
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