ES Journal - 2023/2024

[Laissez Faire]

If you get the R/R right you can do well with a low win rate. So, for example long 4050 with a 5 point stop targeting 15-30 points would not be the worst trade you could take right now.

But if your R/R isn't right and you're risking dollars to capture cents, you really need to maintain that high win rate or you're effectively a net loser.

 

[Laissez Faire]

If you get the R/R right you can do well with a low win rate. So, for example long 4050 with a 5 point stop targeting 15-30 points would not be the worst trade you could take right now.

Take your 10 points here for a 2:1 R or hold to 4100 for a 10:1 R/R.

 

[chillibean]

Was expecting upside really. So Missed the earlier down move and watched it go without me whilst i waited for a possible bounce. Tried the long for +9. Then tried the short +7. Should probably have held it as still looking weak, but have a hunch we could see a decent upside move soonish so just took the small chunk.

 

[mervyn]

broke the trendline, either 20 or 50 ma i think. will check when I am at the computer.

Short term price target is 200ma retest, let’s wait and see.

200ma tagged

 

[Buy1Sell2]

Waiting for the base out to complete with fresh upside momentum to enter long.

 

[Buy1Sell2]

Initial bounce should occur now.

 

[Buy1Sell2]

Looking at getting above 4057 before beginning to look long.

 

[easymon1]

That fitty looking lonesome. Let's see what happens...
Could 39fitty be in the cards?

 

[mervyn]

not going long anytime soon, still hold 4141 shorts.

 

[Buy1Sell2]

Currently only trading about 15 points below the cash open. Plenty of time for action to the upside later. Biding my time for now.