ES Journal - 2019/2020

Sell off down to mid 2450's overdone and we will bounce and head higher soon .

 

2467 did not hold after quite a while of support. Now we need to get above it and reestablish it as support. (2463 pricing right now). The line in the sand at 2467 is very very clear.

 

A counter point for a slightly longer time frame:


...and some context (sorry for the cross hair):

 

2467 now reestablished as short term support.

 

Below it now.

By the way, when you guys say RTH, what does that stand for? Thanks!

 

Perfect VWAP rejection at 2:30 and 2475. That's institutional.

Regular trading hours. ATH / XTH are after and extended respectively.

 

Over the next several sessions, I will present trades based upon the 1 minute chart unless otherwise specified. These will be intraday day trades at 10 X leverage unless otherwise specified. We'll then take a look at results. I typically am not posting my 1 minute chart trades since it's intensive in terms of posting.

 

Long 2454.75 Initial stop 2442.50. Looking for a late afternoon rip on this intraday trade.

 

I love this journal. Endless entertainment.

 

What exactly do you mean when you say you are trading 10X leverage? I.E. How many contracts are you doing per trade, and what is the account size? Wondering where you get the 10X figure from.