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  1. L

    ES Journal - 2021/2022

    We live in interesting times.
  2. L

    ES Journal - 2021/2022

    Bad numbers = more stimulus = bullish. Good numbers = bullish. I think this market divorced reality (fundamentals) a long time ago. Better to just trade it technically, IMO. I stopped looking at news releases a long time ago. Just good to be aware of the timings as it could shake up...
  3. L

    ES Journal - 2021/2022

    As foretold. :) This could be it, but I would assume 4220/4225, although it's a bit dizzying up here.
  4. L

    ES Journal - 2021/2022

    Bullish! A tad too greedy, there. I will take a stab at the long side @ 4200 if I can get it. But will be nimble on the stop. Not too wide as we can dip to 90. But looks like the train has left the station for today...
  5. L

    ES Journal - 2021/2022

    Could be. Technically, I think that today will be Up regardless of a gap up or down open. I have a limit buy @ 91 which I will most likely take if I get it, but not interested in chasing a long up here without momentum to support it. The one concern to the downside would be weakness in NQ...
  6. L

    ES Journal - 2021/2022

    Could be a gap and grind higher into the close...
  7. L

    ES Journal - 2021/2022

    I think we print new ATHs tomorrow. I would guess 4215 / 4220. As day traders - let's just hope we don't open with too big a gap.
  8. L

    ES Journal - 2021/2022

    My statistical model suggests a good chance we'll open below 50 today. So, I'm thinking maybe lower before higher, but if lower - should be a very nice buy. So maybe Master Pu will get his NQ 13300 target today. :)
  9. L

    Why Is The Obvious Not So Obvious?

    Agree - to a certain extent. But trading a 2K account indefinitely would not be worthwhile for me from a monetary perspective as I could get those 2K risk-free by employing my time elsewhere. And if one were in possession of some superior insight that is not so obvious, but still obvious, one...
  10. L

    ES Journal - 2021/2022

    We're down about 0,3 % for the week. Barely 1 % from the ATH. Wouldn't be too concerned for the bull case on ES yet. NQ is a bit more ugly, but I suppose it's possible they'll decouple for a while and that we'll see a rotation out of tech.
  11. L

    ES Journal - 2021/2022

    Sluggish NQ near the LOD (but still positive for the day) is holding us down. If NQ can hold green and rally a bit from here - up we go. Else - probably back inside the range for ES too... Go NQ! :)
  12. L

    Nasdaq has topped

    I'm thinking there's a chance we'll see 13750 by today's Close - but I'm no expert on NQ.
  13. L

    Nasdaq has topped

    The thing is - 60 points from target on a 600 point trade should be accurate enough. Targets should be monitored as price is closing in on it. If you have a target 600 points away, sure, sit on your hands while the trade is new and the market is far away. But as you're closing in on your...
  14. L

    ES Journal - 2021/2022

    86 is my anticipated target for the day, but we could drift higher, too. Say 4190 ~ 4200. Will pay attention to 86 and take a quick exit if a reversal there. If not - just trail and let it grind. Falling back below 77 and I'll probably scratch it at 70.
  15. L

    Nasdaq has topped

    I get the idea of an initial target, but it doesn't seem reasonable to give up 600 points of unrealized profits 60 points from target, so why not take what the market offers? Of course - there's the possibillity you'll still get it. :) From my POV - ES will trade back up to 4190 from here...
  16. L

    Nasdaq has topped

    ES hit a key support level yesterday and today. I think we can easily trade back up to ATHs from here. You entry was excellent, but I'm not so sure we'll go all the way to your target on this leg down. Fixed targets (unless very conservative) is not always optimal as your forecasted level may...
  17. L

    ES Journal - 2021/2022

    Not always easy to forecast these levels with any accuracy, but it's my assumption that 40/60 is a key level here for a Day Low print. So, I'm taking a few stabs a the long side for a good rally which should come out off this zone - God willing. Looks like we may have it here @ 4153. Would be...
  18. L

    ES Journal - 2021/2022

    Key level here on ES. Needs to hold to get an 86-90 print today, IMO. If not - I would assume 4140 next stop below. NQ holding above green, so should tilt the odds to the long side.
  19. L

    Why Is The Obvious Not So Obvious?

    Yes. All forms of financial pressure, i.e., having to making a living is detrimental to trading success. Obvious. Well, obvious too, I'd say. :) Well, that's one way to make sure you keep your money as you keep saying. However, depending on account size (which usually is small for a retail...
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