NQ not playing with so far....
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Didn't post the entry, but went flat on a trailing stop at 61.50 on the second PB from the highs.
NQ not participating must have been what killed this rally.
Still a nice day with a morning short and a reversal long. Not sure how this day plays out from here, but it can be a tricky one, so why take on more risk.
Bag holders which piled in yesterday, overnight and in the morning session should be feeling the pain now.
Trend days commonly reverse, but I'm sure everyone knows that.
Trend days commonly reverse, but I'm sure everyone knows that.
Bag holders which piled in yesterday, overnight and in the morning session should be feeling the pain now.
Trend days commonly reverse, but I'm sure everyone knows that.
Days after a strong trend tend to open sideways, with a countertrend test.
I trade intraday and only focus on RTH. Price went sideways until 10am. We're now testing the beginning of the bull channel. That's how trading ranges form.
Is your call that today will close outside down?
Well, it is currently outside down, just about, at the 45 point RTH range of yesterday's RTH range, so sure, why not?
Yesterday's RTH range was 46 points and we're not outside down yet. Low was 4409.
Maybe we do close outside down today, who knows. The only thing I do know is I just covered my short with a nice profit and am looking to get back in long for a test up.
Outside Day on NQ. Would be surprising if ES doesn't fill the gap from Tuesday, too.
EDIT: And now Outside Day on ES as well. 4400 incoming.
EDIT: And now Outside Day on ES as well. 4400 incoming.