Rolled out of December contract on Friday at 4604.25 for a gain of 104.75 pts. I am currently long the March contract at 4657.75.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
yesterday
new day
trying Long here 29.5 (dec)
trying Long here 29.5 (dec)
got +156 ym points on taht one
gone long again here. Big dip.
gone long again here. Big dip.
all done for day. Same method. buy dips, buy breakouts
To be honest, I don't really see any breakout buys, but that could just be me. Scat always said the same thing, to buy breakouts and chase.all done for day. Same method. buy dips, buy breakouts
If I draw what I think are breakouts, it means a BO above some level. So here in ES, I would consider a BO pretty much just above where you sold. For YM, it hits the high, and drops, so buy a BO there would fail. For NQ, yes, it broke above, went sideways, and then higher. But none of your entries are breakouts from what I consider a breakout to be.
If anything, it looks like you faded a BO if we look at YM in the middle, and see the yellow line that marks a swing low which broke. This could be a breakout, to the downside of course, but you didn't short it, you went long. So here you are fading the breakout.
Obviously you're doing well, but I have yet to see anyone show consistently that buying breakouts and chasing works. Perhaps your ES trade is chasing, since you went long way late into the V bottom reversal, but most of your trades actually seem to be in anticipation of the turn.