Short little moves in the NQ/ES

2023年1月31日

At the beginning of the week (meaning Sunday and yesterday), I held a slight bullish bias with return lower by the end of the week. I am always happy to switch my bias based on what the market gives, because you cannot make money with ideas that are not working. Using a changed bias in the morning of the trading day, I was able to take the NQ and the ES for a positive day. It looked like this:

SYMBOL FIRST TRADE LAST TRADE TRADE POSITION TOTAL COMMISSION TOTAL VOLUME TOTAL EXECUTIONS P & L
NQZ23 2023-01-30 09:16:40 AM 2023-01-30 09:18:05 AM short $15.00 20 2 $159.40
ESZ23 2023-01-30 09:16:39 AM 2023-01-30 09:21:08 AM short $45.00 60 4 $1,003.20
NQZ23 2023-01-30 09:26:03 AM 2023-01-30 09:28:22 AM short $15.00 20 2 $3,509.40
ESZ23 2023-01-30 09:30:30 AM 2023-01-30 09:30:45 AM short $15.00 20 2 $1,959.40

My bias is strongly lower (I was never super bullish on the charts, I just thought it would go a bit higher before it goes lower, and it still might).

Now, I firmly believe that market will go lower. At end of day yesterday (1/30/23) on the NQ, I targeted the new support line. It hit it in the overnight session. However, I think it is going to go lower. I am targeting the green zones. I am looking for entry signals on smaller time frames for shorts (which goes to my trading methodology and execution, and not this analysis), especially when price is in the target zone.

2023年1月31日

ノート

Also, the FED announces at 1:00 p.m. I am going to be flat until the volatility equalizes, though it should be fun to watch.