ES Journal - 2023/2024

mervyn · Jun 1, 2023

red day for me, both ES and YM.

Cessna06P · Jun 1, 2023

short 4230.75

Cessna06P · Jun 1, 2023

stop 33.50

Cessna06P · Jun 1, 2023

Cessna06P said:
stop 33.50

stop to 32.25

Cessna06P · Jun 1, 2023

Cessna06P said:
stop to 32.25

stop to BE

Cessna06P · Jun 1, 2023

and out. enough amusement for tonight.

mervyn · Jun 2, 2023

i am just clueless, cut losses of 10k this week.

ym today just gets back to break even ytd? anyway, i am maintaining short exposure.

but my stocks went up more than 10k but in unrealized gain, a wash.

Cessna06P · Jun 6, 2023

Sometimes the best thing to do is nothing at all.

mervyn · Jun 6, 2023

Cessna06P said:
Sometimes the best thing to do is nothing at all.

Being trading 3x bear ETFs for 20 cents moves in last week, chicken meals for sure.

tiddlywinks · Jun 6, 2023

For your entertainment, a pinch of pattern observation...

Daily chart, S&P500 CASH INDEX

Multi-bar Islands...

Obviously, there are several differentiations...
1) bar closing-price patterns
2) volume and volume sequence patterns
3) volatility (bar ranges)
4) contract rollover (6/12/23, next Monday, is next rollover)
5) other

Based on these 2 examples only...
One more leg up before a significant (from a trading pov) retrace.

Good trading to all.