ES Journal - 2023/2024

no positioning today because i think either the market will front run the cpi number or just chop around a little. in short term, leaning short. any consecutive red candles i'd jump into for few points.
 
mervyn said:
no positioning today because i think either the market will front run the cpi number or just chop around a little. in short term, leaning short. any consecutive red candles i'd jump into for few points.
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Yeah I reckon its front running the CPI now. Surely Friday the 13th has got to be a big down day right? :)
 
If anyone is interested

upload_2023-1-11_15-37-9.png
 
mervyn said:
no positioning today because i think either the market will front run the cpi number or just chop around a little. in short term, leaning short. any consecutive red candles i'd jump into for few points.
More...

shorted from 3960 and closed at 3954
 
Georpe said:
The percentages he gives are rough ideas of likelihood for his trader's equation. Has price been in a tight range for more than an hour...50-55% likelihood it goes one way vs the other. Is there a strong breakout with good follow-thru...odds are high we're going higher so it could be anywhere from 60-80%.

I never took the course but I studied the books where he goes into detail about percentages. If the percentages are confusing he recommends focusing on 60/40 & 50/50; more likely, less likely, place your bets (not his words).
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Brooks?

I bought the course and never finish watching. Got confused of his counting and choppiness of his charts. I stick with my time, tpo, vp and footprint rather.
 
mervyn said:
Brooks?

I bought the course and never finish watching. Got confused of his counting and choppiness of his charts. I stick with my time, tpo, vp and footprint rather.
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Yea, Brooks.

He's definitely hard to follow at first and I understand why people get frustrated, but being a newer trader (about 2 years now) I found his written work invaluable. It took me a long time to work my way through the material but I'd echo what Spooz wrote.

If you ever decide to revisit the work, it's interesting to watch price behavior between what he outlines and vp, footprint, etc.
 
My wife scheduled my teeth cleaning at 9:00 am. Rescheduling would have put me out another month. I swear to god she’s the only woman that hates money.

meanwhile late start and I got angry I missed some juicy moves so I’m not where I want to be
 
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