ES just traded at yesterday's RTH low. If I were still trading today this is where I feel I'd be looking for a long entry with a stop about a point below the current RTH low.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
ES just traded at yesterday's RTH low. If I were still trading today this is where I feel I'd be looking for a long entry with a stop about a point below the current RTH low.
Reduce risk to B/E 10.25. NQ seems too damn strong for a sell + stats quoted yesterday.
Bear emotions today:
10:00 - Yes, finally. F**king A. Tank this shit market.
10:25 - F**king hell. Stops blown and savings gone. F**ck you bulls and f**k this manipulated market.
10:35 - Ah, f**k yes. We're going down. It was only a retrace. 3 % down! Crash this shit. Let's add more at the lows. This breaks NOW.
11:30 - ?
10:00 - Yes, finally. F**king A. Tank this shit market.
10:25 - F**king hell. Stops blown and savings gone. F**ck you bulls and f**k this manipulated market.
10:35 - Ah, f**k yes. We're going down. It was only a retrace. 3 % down! Crash this shit. Let's add more at the lows. This breaks NOW.
11:30 - ?
9:30 Looked like a buy
10:15 Looked like a buy
10:40 Looked like a buy
One thing that has helped me is that even when I am short the ES, I'm always looking for the next long. I'm never betting on the market to tank.
I know sell offs happen. But even on days when ES is down, my best trades are my longs.
I shut down Tradovate. I'm done watching for today and for this week. I lost my discipline a few times today. The best way I have found to get it back is making a conscious decision to stop trading until the next trading day and stick to that decision.
Since I am not trading I will attempt a call here with ES at 4219.50 and that call is I agree with Laissez Faire that a gap fill to 5436 level is more likely than a new low for the day. But I have no skin in the game. Easy to make calls when you can't get it caught in the zipper.
Good luck to everyone.
10:15 Looked like a buy
10:40 Looked like a buy
One thing that has helped me is that even when I am short the ES, I'm always looking for the next long. I'm never betting on the market to tank.
I know sell offs happen. But even on days when ES is down, my best trades are my longs.
I shut down Tradovate. I'm done watching for today and for this week. I lost my discipline a few times today. The best way I have found to get it back is making a conscious decision to stop trading until the next trading day and stick to that decision.
Since I am not trading I will attempt a call here with ES at 4219.50 and that call is I agree with Laissez Faire that a gap fill to 5436 level is more likely than a new low for the day. But I have no skin in the game. Easy to make calls when you can't get it caught in the zipper.
Good luck to everyone.
Still range bound action, but the intention seems clear. Putting in a limit sell at 5440. Lock in 4 points of profit at 14.25. Headed to the liquor store.
Only concern now is that NQ seems to be running out of steam. ES new highs, but NQ making lower highs.
Only concern now is that NQ seems to be running out of steam. ES new highs, but NQ making lower highs.
i shall return the compliment, don't consider yellow tail shiraz in kroger is the best tasting wine you can get. 10 ticks caymus and 20 ticks opus one are quite good, not available in kroger though-
Another bear trap it seems. Stopped me out for a small profit. Will re-enter if we get another pullback.
going completely flat here and gonna start the weekend
Somehow slightly green overall despite being only long and getting in some longs at the high tick as the market started to come down lol
I guess you need to be very unlucky to lose money as a bull! lol
calling it a day.
clean slate for next week. Back to tradovate account next week then probably
hagw
Somehow slightly green overall despite being only long and getting in some longs at the high tick as the market started to come down lol
I guess you need to be very unlucky to lose money as a bull! lol
calling it a day.
clean slate for next week. Back to tradovate account next week then probably
hagw
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I'm nobody to be giving out advice, but I notice lots of trades on this recent chart. When you do have money on the line, do you think you'll be able to trade the same? Maybe its never gonna be your money since you are using one of those firms, but just seeing the chart today makes me wonder what would happen if real money was on the line, even if you are just trading the micro contracts.
Sim trading is of course great, but if you spend a long time like in this environment, reinforcing a style of trading that you won't be able to do with real money on the line, its actually going to have been a net negative for you. I know that for me, once the feeling of knowing I was losing real money hit, everything I practised up to that point went out the window. Its easy to use a 5 point stop and put on the next trade if it doesn't work out, or even add to the position multiple times as I see you're doing, but when you see that you are down $100 or $200 very quickly, your entire plan falls apart. You aren't able to put on the next trade, or you only pray to get back to break even.
So I'm simply sharing my experience and how important I think it is to also use real money once you have just a decent idea of what you want to do. The emotional feelings you get when real money is on the line will stress test your game plan and you might realize that you need to change things around that you will be more comfortable with.