ES Journal - 2023/2024

shorted overnight for +9ish
I'm long now. Might take me a few attempts (nearly stopped out a little earlier) but assuming longs are still good for now
upload_2023-4-5_11-45-35.png
 
I wanted to add a unit at 22, but price moved too fast.

Looking to add a second unit on a pullback or at higher prices.

Locked in one tick of profit on initial entry now.

EDIT: Added one at 23.50. Could still see a minor pullback, so holding stop at 19.25 for now, but might trail it soon. Average is 21.25.

EDIT 2: Minor pullback - check. Putting stop at B/E for entire position now. Could be too tight and we may retrace once again, but I'll rather re-enter as I'm around to monitor.

upload_2023-4-5_13-1-33.png
 
Last edited:
Maybe it's not proper journal 'etiquette', but I widened my stop by 2 points on that release as I had a hunch I could be spiked out.

Not moving it again now, though, as we should have follow through from here.

Still looking to re-enter long if stopped, but that might be in RTH if so.

EDIT: And stopped B/E. Maybe that number was a game changer? Looking for a re-entry, but not yet. May have to start considering that today could sell off as well.

upload_2023-4-5_14-24-9.png
 
Last edited:
In my humble opinion - 4115 is the level to pay attention to. We should hold above there today for the bull scenario to be in effect. Even an initial break below I'd be expecting to fail based on the statistics posted earlier.

But if there's no bid on the Open and we drop below 4115 - all bets to the upside are off, IMHO. Just my guess.
 
Messy.

With NQ being so weak (so far), I'm wondering if that'll halt any rallies on ES. Still long biased here, but not betting the farm when NQ isn't participating.
 
That's an initial failure to breakout below yesterday's LOD and we snapped back inside yesterday's range. Let's see if this can reverse here or if it's just temporary.

I can see this go all the way down to 4100 or even 4080 today, but I just don't have the confidence to press the short side today. Going with the original plan.
 
Tricky day. The rejection at 11:38 was a nice second short entry, but I wasn't around.

My statistical model (which was dead wrong so far, LOL) says continuation lower is more likely from here, so I'm a late short here.

Seems to be a bid down here, so I'm not very comfortable shorting this so late. Targeting 4080.

Anyone else around today?
 
You must log in or register to reply here.
Back
Top