ES Journal - 2023/2024

Laissez Faire · Jan 31, 2023

Buy1Sell2 said:
upon reversal

I would be content with 4075. Trying not to be greedy today.

chillibean · Jan 31, 2023

shrt 57
stop at 67

Buy1Sell2 · Jan 31, 2023

Laissez Faire said:
I would be content with 4075. Trying not to be greedy today.

All my day trades are exited MOC unless I've closed them prior to.

tiddlywinks · Jan 31, 2023

Laissez Faire said:
Isn't periodicity and lookback period the same?

No, they are not the same.

Laissez Faire said:
Specifically, what I meant is that if choose to plot a VP on my continuous 60 minute chart it's up to the user (me) to choose what length to plot it. This means there's an subjective element and I don't like that.

The tool did not inject subjectivity, YOU DID. There is no subjectivity to executed volume.

Laissez Faire said:
Recently, I've just been using the last major swing high and low, but now that we retraced almost the entire move I'm uncertain what would be the correct start/end point.

Isolating or merging profiles is fine if you have a purpose. And profiles within won't be lost. As a matter of fact, it's an important aspect to know when/where the price framing changes. Your swing high/low profile is your own invention.

schizo · Jan 31, 2023

Short 64.75

St 71
Pt 20-ish

Laissez Faire · Jan 31, 2023

schizo said:
Short 64.75

St 71
Pt 20-ish

Confidence level? Looks like higher to me.

I have a sell limit at 75.

Laissez Faire · Jan 31, 2023

tiddlywinks said:
The tool did not inject subjectivity, YOU DID. There is no subjectivity to executed volume.

Well of course. That much is obvious, isn't it? That's the entire point, though.

Using a continuous chart - where do I draw the profile? Should I include today?

With my prior week in RTH that's not an issue.

Same chart. Different view.

mervyn · Jan 31, 2023

Plan to short again either today or tomorrow before the presser.

VIX is not low enough to be attractive yet.

Laissez Faire · Jan 31, 2023

Laissez Faire said:
I would be content with 4075. Trying not to be greedy today.

Or should one be greedy?

84?

formikatrading · Jan 31, 2023

I don't have an edge for tomorrow. I was bullish for January. I'm still bullish for 1st quarter (meaning I don't think we are going to crash) but I'm less bullish for February. Planning to take some chips off the table today and let things shake out.