Feeling calm, rested, free. Feeling good in other areas of my life, have been diversifying my time & maintaining an upward trajectory creatively, with work, with Aubrey. Not to be delved into here, but the point is I feel stable and ready to trade responsible. Opening TOS Now.
Looks choppy, in consolidation area just below 3800, teased it in the premarket this morning but has been unable to break above since then. on a slow grinding uptrend but a break out of the 3800 level not likely to present itself immediately. As usual, with the goal of capturing 2-3 points, it’s possible within the shop, but it’s particularly tight here, would probably be best to wait for at least a small break.
Waited for a small break above the $5 level of 3795. Could have anticipated a little earlier and got in around 9793.50, but waited for the break, got in at 3796, got out at 3798.25. Came for crumbs, left with crumbs.
Reviewing /ES chart after the trading session ended, I had been anticipating a break of the 3800 level, I was watching (after I’d exited my trade) as a massive volume bar on a green candle just under 3800 spiked upwards, then brief low volume consolidation. I’ve seen this quite a few times, and I considered entering, but I decided to walk away with a win, and go about my reading day (currently reading ‘Soros’). However, what I could have done was wait a bit longer, to see if a break above 3800 manifested and entered there in with a stop just below 3800. I’ve noticed often that when levels like this are broken, particularly after a few tests (which had happened earlier in the day, not to mention the rough ascending triangle pattern that was playing out) if there is strong volume and a hold above a level, an upside move consistently occurs. I walked away with a win, but had I watched and waited a bit longer, a relatively easy trade would have awaited. I am still getting my footing again, and my ‘aim for crumbs & leave with crumbs’ ‘strategy’ has been helping me find some consistency, so I’m happy to stick to it, but as I build more of a cushion, trade opportunities like the one that presented itself today should be capitalized on.
