ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Stopped out. Now watch it go up.
Unless we get a pop, it ain't looking good for sure. But you know me, buy, sell, buy, sell...
Long wasn't a good idea at that point. You say tell me about it.Stopped out. Now watch it go up.
No really - 10 day ATR is about 70 currently. It moved up 54.75 from last night's open. If it had pulled back 10-15 pts maybe. But not a 50 pt pullback.
Well, there's no point of arguing when it's all in hindsight
Everyone who rode the wave up probably got spooked out and took profit. Who knows. I thought the selling would fizzle out at around 35-ish but, damn, these bears know how to party hard.
In any case, tomorrow will be an interesting day, especially with our beloved Fed Chairman taking the podium.
Interesting development in the afternoon session.
Back to back trend days are rare, so it should be no surprise that we stalled here and closed pretty much unchanged for the week at Friday's Close. Personally, I'll easily admit that I was thinking we'd see continuation on this breakout.
That can still happen as we didn't pull back that much, but I'm not so sure any longer to be honest. If we trade back inside the range maybe we're back to range bound action for a bit longer. Maybe Powell can shake things up tomorrow.
Back to back trend days are rare, so it should be no surprise that we stalled here and closed pretty much unchanged for the week at Friday's Close. Personally, I'll easily admit that I was thinking we'd see continuation on this breakout.
That can still happen as we didn't pull back that much, but I'm not so sure any longer to be honest. If we trade back inside the range maybe we're back to range bound action for a bit longer. Maybe Powell can shake things up tomorrow.
if we trade back inside range, all bets off a short squeeze, imho
