ES Journal - 2023/2024

[Buy1Sell2]

I continue long though with my position from 3915.

 

[Laissez Faire]

From a day trading perspective, I wouldn't think it would make much sense to be long or short right now with no momentum.

Agreed. Got my trigger just now, though. Let's see if I was trapped or not.

 

[mervyn]

Powell speech is non event, not much data he got in the last few days. zn dropped from 116 go 113 in 3 days, 30+bps.

But I need to find a real time screener for 0DTE volume, that is a gambling parlor.

 

[Laissez Faire]

Above, now, both the weekly open and yesterday's close around ~ 20. Would feel more confident to the long side if we can start trading above that.

Let's see now...

Gap from yesterday closed.

 

[Laissez Faire]

Yeah. Unless we reverse hard below 4120, i.e., a false breakout, we should see 4140/4150 by the Close.

Assuming Powell doesn't say something silly. I assume he could even say something bullish.

 

[vanzandt]

I continue long though with my position from 3915.

I sure do like these run-ups on a day when Fed Chair Powell is gonna be a tad bit grouchy.
edit:
4116 cash as i type.

 

[Laissez Faire]

I sure do like these run-ups on a day when Fed Chair Powell is gonna be a tad bit grouchy.
edit:
4116 cash as i type.

Is that a bearish call?

I'm long and worried. Will stop out B/E regardless, but it was looking good for a while.

 

[Laissez Faire]

Assuming Powell doesn't say something silly. I assume he could even say something bullish.

I'm long and worried. Will stop out B/E regardless, but it was looking good for a while.

Came back from a trip to the restroom and found that this had happened.

Was prepared to take a + 10 trailing stop exit, but the market started running and I planned on trailing it at 40, but my limit was taken out too fast.

A poor trading day for me and I got lucky by this trade and ended the day well in the green. Thanks Powell.

 

[vanzandt]

This can not be overemphasized enough.

The market's are looking for any excuse to go up.

Watch it happen in real-time as Powell talks.
I bet we give it all back by tomorrow.

 

[formikatrading]

Don't worry, be happy. It's a bull market, you know?

Is that a bearish call?

I'm long and worried. Will stop out B/E regardless, but it was looking good for a while.