Brooks style ES analysis/trading journal

July 17th, 2017, 09:33 AM

ON: Price went sideways in a narrow range on low volume staying right around Friday's close. We are opening right at Friday's close. May push down to test the prior all time high from here where buyers may emerge. Likely sellers above Friday's high and mostly trading range action today.

Bars:

1 Small bear doji staying around the range of of Friday's close. Signs of trading range price action.

2 High 2 buy above (buy above friday's bar 80 was high 1), but tight trading range and early trading range price action, just below EMA. May have sellers above.

3 Big outside up bar. Close right at EMA. May have sellers come in above.

4 Some bull follow through. Close above EMA. But close below midpoint and possible reversal bar.

5 High 1 buy above at EMA, but doji. No strong move yet.

6 Weak upside follow through continues.

7 Double bottom with 5, but weak bull move so far.

Crying children I have to attend to

July 18th, 2017, 12:02 AM

As noted in my last post, I have been pulled away and distracted more lately with parenting the kids while they are off school for the summer. If they need to interrupt me with something, I get frustrated with missing posts. So I've decided to put this journal on pause until the kids are back in school and I can be more focused and consistent with the posting. Good trading all!

Brooks style ES analysis/trading journal

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Brooks style ES analysis/trading journal