ES Journal - 2021/2022

Discussion in 'Journals' started by Buy1Sell2, Dec 15, 2020.

  1. No support at the prior day close. Let's see if 80 can stop this.
     
    #3351     Dec 8, 2021
  2. Zodiac4u

    Zodiac4u

    Once we drop below the V-wap, follow the momo, $SPY bets increasing to go lower,
     
    #3352     Dec 8, 2021
  3. Care to expand on what you see here? Does this relate to options / option OI?
     
    #3353     Dec 8, 2021
  4. Close enough. :cool:

    The rest of the day seems more uncertain. Probably going to see some range bound action / consolidation today. Probably not the best area to get greedy on long entries as we covered a lot of ground this week already.
     
    #3354     Dec 8, 2021
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  5. Zodiac4u

    Zodiac4u

    Yes on op, but after a day like yesterday, one would think we should have more overlap, not hard to see that we have a lot of overhead resistance, lots of Elephants stepping on price,
     
    #3355     Dec 8, 2021
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  6. Zodiac4u

    Zodiac4u

    today3Screenshot 2021-12-08 093252.png
     
    #3356     Dec 8, 2021
    Laissez Faire likes this.
  7. ElCubano

    ElCubano

    dying to short ROKU here. 255-56ish but don't have de pelotas.
     
    #3357     Dec 8, 2021
  8. Buy1Sell2

    Buy1Sell2

    Love it----indecision after a short covering rally!
     
    #3358     Dec 8, 2021
    Zodiac4u and Zwaen like this.
  9. tiddlywinks

    tiddlywinks


    I am not a writer, a market guru, or a textbook teacher (as opposed to in-person).
    I can not explain the concepts of volume nor the reasons why such concepts are valid or not.
    Further, offering cherry examples of MY insights is not useful as they are MY insights.

    I do see there is an appetite for the topic of volume.
    This thread is certainly not the correct place for such a feeding.

    If your interest in volume is genuine there are many places to look.
    Richard Wykoff is one of the fathers... a good place to start.

    An offshoot is VSA (volume spread analysis) created by Tom Williams.
    The concepts of accumulation and distribution are more easily understood via VSA.
    Plus the connection of why non-intuitive low and high volumes may occur during these phases.

    Market Profile is another method one can look at. MP originated at the CBOT. Some platforms include a licensed Market Profile.
    Other platforms offer some sort of Price by Volume study which is a somewhat simplified interpretation of Market Profile.
    Point of control, Naked point of control, value area, and more are derived from Market Profile.

    For the brave, the Jack Hershey methodologies have 1000's of posts and a dozen or so threads here in ET.
    There is a small faction of Hershey practitioners here on ET as well.
    Hershey's first method used channels, which all have a beginning, a middle, and an end
    and as such, provides some visual understanding of how (and why) volume operates.

    I'm sure there are many other methods (and tools) I did not mention... volume is not some newly discovered data point.
    And like everything else regarding trading methodologies, there are plenty of dead bodies that could not make volume work.
    Don't be that person.
     
    #3359     Dec 8, 2021
    Builder17 likes this.
  10. Zodiac4u

    Zodiac4u

    two days before its options expire, if the highs are taken out? the next level is 65, but the level to watch is 70,
     
    #3360     Dec 8, 2021