ES Journal - 2023/2024

[Buy1Sell2]

Done: 67 RT - 1226. Opened up second part of system today.

Are you saying you lost 1226 dollars today or gained them?

 

[mervyn]

Are you saying you lost 1226 dollars today or gained them?

- is losing, but he is a 1 point scalper

 

[mervyn]

Tsla beats and yet the lowest gross margin in the last 5 quarters.

 

[Laissez Faire]

The market does appear like it's about to take off, but, we're still in a sell zone here, IMO. And with the markets being very news sensitive lately, I imagine tomorrows numbers is what will set up the next major leg. And that could very well be down.

Just an observation, but I do count about 6 pushes and failed attempts so far to go higher above this 4K (+/-) area. Makes you wonder.

 

[Buy1Sell2]

This kind of action where we open quite a bit lower and recover almost all of it, typically is confirmation of an uptrend and that trend being intact. It's not 100 percent, but has been very favorable for longs in the past.

 

[mervyn]

This kind of action where we open quite a bit lower and recover almost all of it, typically is confirmation of an uptrend and that trend being intact. It's not 100 percent, but has been very favorable for longs in the past.

Or equally, head fake.

 

[Buy1Sell2]

Or equally, head fake.

Certainly possible, but the daily trend has been long since the IHS on daily and the weekly trend has been long since October.

 

[tiddlywinks]

Certainly possible, but the daily trend has been long since the IHS on daily and the weekly trend has been long since October.

Update of post #111, Jan 5, 2023

 

[easymon1]

Anyone shorting the GDP number tomorrow?

View attachment 304709

8:30 AM ET
USurable Goods Orders
US:GDP
US:International Trade in Goods [Advance]
US:Jobless Claims

Depends on what the charts do at 8:30:01, lol.
I won't be looking at any numbers, but at the chart,
and when any of my setups appear, hell yeah brother. Bang a Gong!

 

[chillibean]

L 24.5
20 point stop

going to sleep.
Order to take profit is at 44.5