In my view there was a fresh buy signal in this uptrend that occurred on the 15 minute chart at 12:15 Eastern.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Same here. As far as instruments like ES and NQ I have not been able to get much besides unreliable signals. With so much hedging, arbitrage, and other noise I feel like price action alone is a better fit for me. In the past, I have found value in using it for equities & options.
I'm just looking at the day type and current behavior. Range bound and slow.
If we get a 57.25 print from here I'm probably calling it a day as there's a good chance the next pop will fail around 59. We can get that late session melt-up, but probabilities aren't strong enough for me today. This is day trading only of course.
50 % support and VWAP clustered here around 45/57 on ES. Would be nice if it holds and we don't go all the way to the LOD. Yes, I'm long...
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Exactly. That's why I've always struggled a bit with the concept of volume analysis on index futures. That's not to say it's useless or anything like that. I do pay attention to volume, but I'm a bit cautious against reading too much into it.
I do use a faster volume chart as my fast chart, though.
dude life begins at 57.25 have sell orders setting at 4071 so gonna be real disappointing if it don't hit.
NQ clearing the Open is a good sign.
Might see that pop after all.
Might see that pop after all.
Done. Now, watch us rally...
PS: Not the best entry, so it was a close call. 10 points is my maximum stop on ES, but I prefer to keep closer to 5.
FWIW, average gain in the Dow from mid-term low to pre-election year high is just under 50%.