ES Journal - 2023/2024

[Buy1Sell2]

Long 5509.25 Initial stop 5495.00

 

[schizo]

I've been trying to catch a swing long for a few weeks now, and skynet keeps stopping me out and reversing. Today I went back to no stop loss and was up quite a bit and now its tanked again.

Skynet is coming to your rescue. Anyway, we;ve had 3 consecutive lower lows as anticipated. So we should have higher highs for the next two days, which means we should end the day near the top. Hence the "V". Let's find out.

So I said there would be 5 choppy days before breaking out of the chop zone (although it ended up as 6, but that was due to Labor day holiday ). With this down leg, I anticipate 3-2-3 moves. That is, 3 lower lows, followed by 2 higher highs, then another 3 lower lows. Got that?

 

[theapprentice]

trying risky ss here. pray for me!

-3.25

 

[Laissez Faire]

I doubt we'll close at the highs, but I'm long, so I wouldn't mind. Looking to close it out in this area if we drop below 21 or so.

If we pop above the Open - who knows...? We've seen stranger things. And there's two hours left.

 

[schizo]

Aloha schizo,
Could you share a little bit of your thought process for this? Looking like your anticipated V is shaping up

Answered in my previous post.

https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-1158#post-6017761

 

[HawaiianIceberg]

Answered in my previous post.

https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-1158#post-6017761

Thank you!

 

[Laissez Faire]

Reversed short here at 20.50. 3 point stop. Profit target 5505.

Let's see if that was the swing low or not.

 

[theapprentice]

Reversed short here at 20.50. 3 point stop. Profit target 5505.

Let's see if that was the swing low or not.

fingers crossed
i got back in short after that -3.25 try

 

[Laissez Faire]

3 points loss. Feels like I'm trading noise here. Think I'm done for the day. Both a pop and a drop seems possible out of this area.

 

[Bad_Badness]

3 points loss. Feels like I'm trading noise here. Think I'm done for the day. Both a pop and a drop seems possible out of this area.

After news, a bump and test of the OL, then the Bond OL, and then a pop off the bottom, yes I would agree the fuel has been spent until the last 20-30 minutes of the day, i.e. the close.