ES Journal - 2023/2024

[themickey]

Heres QQQ black vs Semiconductor ETF in red. 4 hourly bars.

 

[Picaso]

I don't know what your question is, @Picaso . I gave the unvarnished truth. I allowed myself to be seduced by the "quick and easy" ticks offered by the NQ, and I followed no plan or strategy. Trading rules? Out the window. I didn't need no stinkin rules.

I'm very disappointed in myself today. I know better. I know myself better.

ES gave no less than four entries according to my plan, and each was good for my +5 point target. I took none of them as I was battling to master the NQ lol

The NQ masters me. I don't master the NQ.

Are you (kind of) starting out? Then it's usually better to stick to just one instrument, imho.

Also, if/when you pick a second instrument, it's usually better to pick a different asset class (if you're trading equity, then pick forex, treasuries, energy, metals, etc.), so you can have more diversified strategies.

Of course, others may see it differently (for example, if I understand correctly, the Apprentice trades all ES, NQ and YM).

But if you're problem is the NQ, then your solution is very simple.

Best trading to all

 

[theapprentice]

L nq
L ym

 

[Picaso]

I expected some pullback, but this seems a bit overdone now...

Is this guy being mean to the market or something? (18:00 is European time, about 20 minutes ago)

 

[Laissez Faire]

L45. Stop 42. TP 5565.

Maybe some selling to end the quarter? I think we end green, though.

 

[Laissez Faire]

Stopped for 3 points.

Guessing we won't see an Outside Day, so watching for a low around 35 if not already.

 

[mervyn]

idk why folks are piling into the high, the risk reward is not here to be milked, frosty! all techs are red.

 

[Laissez Faire]

L 38. 4 point stop.

 

[theapprentice]

Where's my V at?!

 

[Laissez Faire]

Reduce risk to 1 point at 37. Will be around to re-enter if stopped and the LOD holds.

Just looking for a move back to 5550 at this point. Maybe we'll be gifted more.