I doubt it
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
200 MA at 3950 and prior week just below at 47,50.
Held up so far, but might just be a weak bounce for today?
Held up so far, but might just be a weak bounce for today?
Super Busy Day: 81 RT + 2200. Had about 2K in stops so a "churn day", MAE for the day -150. Oh yeah, had a fat finger error too!
Still, you ended in the black. That's progress.
YM is below this year open, I expect ES will follow suit, any MA plotted are not relevant in this stage.
https://www.morganstanley.com/ideas...icle&et_mid=421971&et_mkid=&sfmc_id=161405205
It’s brutal. i was poised to go long 200dma, but apparently it was front run per usual
" Can anyone relate?"
I think one concept that may help is the notion of a crowded trade. If you were to try a long today, it was best to buy when the sellers were "spent". To me than means you have to wait for a break down below a support level. That way, all those who are going to sell have done so, and there is a greater chance of Buyers taking over the bid/ask.
Put another way, if there is a S/R level, buying or selling at that level is "crowded", but buy/sell after the break out is less crowded. That being said, watch carefully the pre breakout action for clues on it is a range test and fail or a true breakout.
About 11:50 PT is the example. In that range is was crowded and the Vol low.
Other times 10:20; 10:40, 11:08 DB*, 11:31 DB. The 8:05 "test" was AM trading and therefore a different animal.
*Double Bottom
PS: Of course, all this is from the "master of after the fact" trading.
I think one concept that may help is the notion of a crowded trade. If you were to try a long today, it was best to buy when the sellers were "spent". To me than means you have to wait for a break down below a support level. That way, all those who are going to sell have done so, and there is a greater chance of Buyers taking over the bid/ask.
Put another way, if there is a S/R level, buying or selling at that level is "crowded", but buy/sell after the break out is less crowded. That being said, watch carefully the pre breakout action for clues on it is a range test and fail or a true breakout.
About 11:50 PT is the example. In that range is was crowded and the Vol low.
Other times 10:20; 10:40, 11:08 DB*, 11:31 DB. The 8:05 "test" was AM trading and therefore a different animal.
*Double Bottom
PS: Of course, all this is from the "master of after the fact" trading.
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