Short ES Trade Recap

2022-08-23

Mon Aug 22

I checked and I did put out entry and subsequent adjustments of this trade in prior posts. Real-time trade posts will always have a time of day along with the date for verification purposes. I use a variety of criteria to take trades but the chart below shows a simple stochastic method that could have nudged you into this trade.

Stochastics, MACD, and RSI all work well to find potential setups. I like some price/indicator divergence. I also like to see some range compression after a nice move. Pessimism was thick going into late July. Misinterpretation of the Fed was all it took to ignite a nice little short squeeze from 3800 to 4300. At 4300, I felt the euphoria was way overdone and for some of the wrong reasons. It was an easy entry and frankly easy to hold as it gathered steam for the downside.

Good trading!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

HilaryWilde
2022-08-25
HilaryWilde
You are right that divergence is a good investment opportunity.
Maria_yy
2022-08-25
Maria_yy
The 4300 level really has a lot of momentum going down.
ElvisMarner
2022-08-25
ElvisMarner
It is clear that Powell will not relent any time soon.
BellaFaraday
2022-08-25
BellaFaraday
So you're shorting the stock market right now?
EvanHolt
2022-08-25
EvanHolt
MACD is another indicator I use a lot.
Kenwen
2022-08-23
Kenwen
k

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Real-time trade posts will always have a time of day along with the date for verification purposes. I use a variety of criteria to take trades but the chart below shows a simple stochastic method that could have nudged you into this&nbsp;trade. <img src=\"https://static.tigerbbs.com/74334f439b50e3e6a80965d7dd95d471\"> Stochastics, MACD, and RSI all work well to find potential setups. I like some price/indicator divergence. I also like to see some range compression after a nice move. Pessimism was thick going into late July. Misinterpretation of the Fed was all it took to ignite a nice little short squeeze from 3800 to 4300. At 4300, I felt the euphoria was way overdone and for some of the wrong reasons. It was an easy entry and frankly easy to hold as it gathered steam for the downside. Good trading!</body></html>","text":"Mon Aug 22 I checked and I did put out entry and subsequent adjustments of this trade in prior posts. 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