ES Journal - 2023/2024

[christhesquid]

I don't think we've seen the end of the move down, personally. I'll start getting bullish once we test the 200 day-- it has been over a year since we've done so.

Additionally, I think this week's retail sales numbers are more important than CPI/PPI.

 

[Laissez Faire]

Legging in again here. MES 67. MNQ 635.

 

[Laissez Faire]

Stops below current swing low. Moving to B/E at some point. Not sure about adds...

Very basic stuff.

 

[Laissez Faire]

Tightening up the risk a bit here...

It's a dynamic process, so posting the trade management is very tedious...

But basically, my entry is good now. So I may scratch it B/E and re-enter instead.

 

[Laissez Faire]

I don't think we've seen the end of the move down, personally. I'll start getting bullish once we test the 200 day-- it has been over a year since we've done so.

Hard to say, IMHO. There's factors suggesting it's not over and that any current leg higher (which is my hypothesis for now) is sold.

SPX did hit 10 % down, though. And that's a common number for corrections. Could be enough for a small relief at least.

 

[mervyn]

why all the sudden folks are trading micro? I thought this is an adult table.

 

[Laissez Faire]

Closed out MNQ 660.

 

[Laissez Faire]

Scratched MES for a point. Legging in again here.

 

[christhesquid]

why all the sudden folks are trading micro? I thought this is an adult table.

I'm a terrible trader. Micros only for me.

 

[Laissez Faire]

why all the sudden folks are trading micro? I thought this is an adult table.

LOL.

I scaled down to micros after volatility spiked. Been switching back and forth. I like micros ccurrently for scaling into trades.

With a pending possible attack on Israel I felt micros were the best choice for an overnight hold.

I was hoping I could get up to 60-100 micros if today rallied off the Open, but the market did not agree with my plans...