Been reading this thread a long while and sim trading. I feel like I almost know you guys! Started a prop evaluation today with TradeDay. Feels like a good time for me to stop being a lurker.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Looking better, although too early to celebrate.
Will add above 55 for the full gap fill.
LFG, bulls!
Were you looking at 55 because that was about where the ES was when the RTH opened?
closing my worst ES entry here at 5361 and going flat
Another amazing day!!!
remind me never to never stop being a bull! haaha
Another amazing day!!!
remind me never to never stop being a bull! haaha
Correct.
Thank you! I was using that level as a profit target for the same reason.
Great minds!
Just back in time to micro-manage my trade. Reduced stop to 49.50 just in time prior to that spike.
I just want to hold this as I think we'll see at least 70 by the Close.
I may be wrong, though. And maybe this pulls back all the way to mid-range before higher.
Yes - that would be a good profit taking zone, but considering time of day and overall target for the day, I figured we'd pop there.
I just want to hold this as I think we'll see at least 70 by the Close.
I may be wrong, though. And maybe this pulls back all the way to mid-range before higher.
Yes - that would be a good profit taking zone, but considering time of day and overall target for the day, I figured we'd pop there.
You've been at this a lot longer than me. The only thing I feel I know about the time of day and the emini is that I do better waiting to trade after stocks open and then finishing by 11:30 or 12:00here in NYC.
If I manage to catch a good swing early, I count my lucky stars and stop trading. Otherwise I tend to experience a flash crash in my account equity.
Considering taking profits, but that leaves me with a new decision: when to get back in?
I'm okay at reading the bigger moves, but the micro is harder and arguably more random. So, even if we hit 70, this could spike down first or we could just range around in this zone until making the move later in the day.
If we drop much below 48, I figure the upside might be done after all.
I think that's excellent.
These days, the market will usually make one big move early in the morning. That's the easy money. After that, the market tend to go into a random chop zone that's less predictable and with less desirable R/R. Some days offer a good move later in the session, too.
So, not a bad idea to call it a day if you were blessed. I try to do the same.
Today, I got stuck, so let's see how it plays out...
Should be the pullback low around 50 unless the entire day actually reverses.
I'm okay at reading the bigger moves, but the micro is harder and arguably more random. So, even if we hit 70, this could spike down first or we could just range around in this zone until making the move later in the day.
If we drop much below 48, I figure the upside might be done after all.
I think that's excellent.
These days, the market will usually make one big move early in the morning. That's the easy money. After that, the market tend to go into a random chop zone that's less predictable and with less desirable R/R. Some days offer a good move later in the session, too.
So, not a bad idea to call it a day if you were blessed. I try to do the same.
Today, I got stuck, so let's see how it plays out...
Should be the pullback low around 50 unless the entire day actually reverses.