ES Journal - 2023/2024

[chillibean]

L 3899

out here +9

 

[Buy1Sell2]

5 and 15 now are in agreement and in uptrend. I now look to the 1 minute chart for entries and exits.

 

[Laissez Faire]

Schizo calls me a permabear. That has held true since at least late last January.

I keep saying probabilities are with, not against, the overall trend - which is nothing original on my part.

Sure. However, the market can be range bound as well. Not always trending. In fact, most of the time ES is range bound on the day session.

As can be seen - the market snapped right back up below 3900 as I suggested could happen.

Anyone who shorted near the lows or at the lows are now in the red.

 

[SunTrader]

Took out swing high on 1min chart up 50% of range. Then stalled 3 bars before pushing higher.

 

[Buy1Sell2]

Here we go----

 

[Buy1Sell2]

Long 3908.00 Initial stop 3896.00

 

[SunTrader]

Sure. However, the market can be range bound as well. Not always trending. In fact, most of the time ES is range bound on the day session.

As can be seen - the market snapped right back up below 3900 as I suggested could happen.

Anyone who shorted near the lows or at the lows are now in the red.

All well and good. But the objective is to be in a trade, not call for one.

Intra day trend flip flops no doubt. But overall it is down and has been a year so probabilities say most days thinking down is ... the way to think.

 

[SunTrader]

Also as I posted earlier RTH DDF suggested no bias either way. So long and short trades would acceptable. Intra day.

 

[Laissez Faire]

All well and good. But the objective is to be in a trade, not call for one.

Intra day trend flip flops no doubt. But overall it is down and has been a year so probabilities say most days thinking down is ... the way to think.

Right.

But you did say:

And then the market rallied off the lows.

Earlier today, you also talked about the trend being down, down, down as well. And the market rallied 45 points.

Now, this isn't to knock on you. But the point is that saying the trend is down doesn't necessarily translated into profitable trading. Usually, when the trend is clear it's too late unless it's a very strong one.

 

[Spooz Top 2]

BINGO! Yesterdays PA was precisely what I anticipated…. Stops are just above yest daily swing hi!

Trailer dropped to 37.50 …. Tightening up
We’re winding up here … shorts really needed to take out that retest there… looking North…. Staying short…: