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  1. L

    False Advertisement with Try out firms like Top Step, One Up and Earn 2 Trade

    It may be misleading, but you’re essentially paying $125 per month to gain a margin of $1500. So, assuming you know how to trade and don’t have capital it may not be a bad deal, although that trailing drawdown is a concern. As most would be traders don’t make it - these companies mostly make...
  2. L

    ES Journal - 2019/2020

    I have 58/60 as the first 'major' pivot or potential HOD on the day. Should be interesting to see if it's paid any respect or if we can go all the way back to yesterday's LOD (72) by the Close.
  3. L

    ES Journal - 2019/2020

    I already did. Turned out it was not a dip. The last few times a Thursday gapped down this strongly we traded back into yesterday's range 60 % of the time, but closed inside the range only 40 % of the time. Visually, this looks very weak and looks like we can easily get another leg down here...
  4. L

    ES Journal - 2019/2020

    As I'm present and monitoring this - I'll adjust it to 48. 50 should offer at least a bounce. Obviously not quite how I envisioned this to play out, but I still think we're seeing a retrace here. The last 'major' legs down have been around 70-90 points and we're there now. EDIT: And stopped...
  5. L

    ES Journal - 2019/2020

    Make that 55 on the stop just in case. Looks like I was wrong on this one, though.
  6. L

    ES Journal - 2019/2020

    Playing the odds now as I see it. Long from 83,50. Initial stop @ 60, but may move it if the trade goes in my favour. I usually day trade only, but if I am to trust my weekly system we made the Week Low on Wednesday and I'm willing to take this bet.
  7. L

    ES Journal - 2019/2020

    Stopped out B/E on the 1st. Got 'lucky' on the 2nd. I think we put in the Week Low today and will see the Week High Thursday/Friday around 3550. If I were really swinging this one - I suppose I should give it a bit more leeway, but I feel like taking some profits off and rather re-enter...
  8. L

    ES Journal - 2019/2020

    Triple bottom. LOD in and rally or a flush into the Close?
  9. L

    ES Journal - 2019/2020

    You'll get your second chance now, @trdes.
  10. L

    ES Journal - 2019/2020

    This is what I posted prior to the Open today. I would want to see a strong drop below 70 in order to change my mind, i.e., turn 'bearish'. As of now, today was just an expected down day to end this larger retracement lower and bounced off the anticipated area. Nothing dramatic yet. Still a...
  11. L

    ES Journal - 2019/2020

    We should be in a major support/bounce area if I did my homework properly. We're also overextended rangewise. Maybe we'll see 68,75.
  12. L

    ES Journal - 2019/2020

    Long 74,50. Will add @ 70 if allowed. 65 is my stop on all. EDIT: Stop @B/E. Will re-enter @ lower prices or in the same zone if stopped. Will hold overnight if I 'get lucky' for the next leg up.
  13. L

    ES Journal - 2019/2020

    I had that order @ 70 when price moved lower and considered just hitting a market order, but hesitated. It's tempting to go long, but I don't like the R/R and it's likely a FOMO trade. I'll go long @ 70 or when the next leg down culminates. Anything in between - I'll pass.
  14. L

    ES Journal - 2019/2020

    Bounced off last week's high so far. Full gap close @ 68,75. I have orders to buy @ 70 with a 10 point stop, but it's possible I missed the LOD. Unless this is a full melt-down and the start of a larger correction, I think we have the bottom in this area. :)
  15. L

    ES Journal - 2019/2020

    Not feeling safe we have the LOD in until we take out the current HOD, but it looks good as of now. Both ES/NQ bouncing off unchange and going green.
  16. L

    ES Journal - 2019/2020

    Needs to hold 00-02 here. If not - danger below. Re-entering long in this area with a tight stop. If 3500 doesn't hold, I suppose today does get that leg down below 3490.
  17. L

    ES Journal - 2019/2020

    Two Inside Days in a row are rare. So, either 3325 + or below 3491,50. I'm long and looking for a move above 3525. Maybe 3540.
  18. L

    ES Journal - 2019/2020

    Yeah. I thought so too, to be honest. It seems like this market have got everyone surprised at least once in 2020, though. :)
  19. L

    ES Journal - 2019/2020

    I will probably go full on FOMO long if we open above 02 and holds above 02/00.
  20. L

    ES Journal - 2019/2020

    Any bears left in the building? My weekly model suggests a 40 % chance we'll trade down to last Friday's Close (3468,75), but an 80 % chance we'll trade below 3474. However, the Week High should come in on Thursday/Friday and the odds are very high we'll close higher than we opened and in the...
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