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  1. L

    ES Journal - 2019/2020

    Okay. Good luck. :)
  2. L

    ES Journal - 2019/2020

    Predicting with accuracy isn't always easy, but if you know the basic probabilities of your market, you can at least avoid betting on unlikely outcomes. It goes the other way also. Can a limit down happen now? Or on any of the prior large down days? Sure. It's just not very likely. Be...
  3. L

    ES Journal - 2019/2020

    Are you saying you expect 2650 today? Roughly a 10 % probability that will happen today. Considering the time now, even less. So, not very likely.
  4. L

    ES Journal - 2019/2020

    I've noticed that my detractors only speak up or quote me when I make a bad call. Could of course be a complete coincidence. :)
  5. L

    ES Journal - 2019/2020

    Agreed. Except you've been saying that for three months now. :) 90% chance we'll close above 56 today with a small chance we can make a new high into the close. At the very least I think we should pop up above 70. IMO of course. :) Gap fill next week maybe. Not today...
  6. L

    ES Journal - 2019/2020

    You're welcome. Please let us know if you discover anything worthwhile. I will take some time to properly backtest it myself. In my opinion, it can both be helpful and deceiving/confusing. Not every signal/divergence is as clear as on the chart I posted and not every divergence is useful. I...
  7. L

    ES Journal - 2019/2020

    Maybe. Sounds reasonable. I think you'll easily get into paralysis by analysis doing this, so I think it should be limited and have some simple rules. Yesterday was actually a great example of how a divergence between NQ and ES/YM indicated limited upside and potential for a sell. ES made...
  8. L

    ES Journal - 2019/2020

    The new high, although it was a spike, invalidated my trade idea. Stop at 24,50. EDIT: Stopped for a -1,50 point loss. I was looking for a rollover on a double top, but we're more likely to keep making new highs from here. Nice upside potential from here, but not playing it.
  9. L

    ES Journal - 2019/2020

    If we don't make new highs (above 64) within the next 15 minutes or so, I'd say a slide is imminent. Trying a short here at 2223,00. 2 point stop. Not feeling extremely confident, but the R/R is good on this one.
  10. L

    ES Journal - 2019/2020

    FWIW, I've pretty much discarded both intermarket analysis (NQ, YM and other related markets) and volume for short term (day) trading for the time being. It's an extra piece of information which seem to offer some additional clues, but which can also confuse and mislead. Ideally, you'll see the...
  11. L

    ES Journal - 2019/2020

    I became bullish after I updated my data and compiled my statistics. Following your logic, I should have become bearish again when the market sold off 10 points over the AH session, but I did not. I don't use AH data for my RTH predictions/analysis.
  12. L

    ES Journal - 2019/2020

    It's very odd to be communicating with someone who's ignoring me. Why are you reading my posts if you have me on ignore? Are you logging off, quoting me and logging back on? Seems very odd. You should lift the ignore if you want to have any discussion. Regardless, there is no inconsistency in...
  13. L

    ES Journal - 2019/2020

    Very interesting to see how that played out. At a glance, I interpreted the daily showing signs of a top and also imagined we were due for at least a small pullback, but the data I pulled yesterday said the exact opposite was in the cards. And that's what happened. Goes a way to show the...
  14. L

    ES Journal - 2019/2020

    I did a few tests on some of my data and this multi day sideway pattern is more bullish than I imagined it to be. Generally, it seems to set up more up side in the days to come. Should be interesting to see tomorrow, but if RTH open near or above today's Close (81,25), I'd be careful to sell...
  15. L

    ES Journal - 2019/2020

    I think Monday will be a repetition of Thursday and Friday and have a move up towards 95 as the main scenario for today. Should we see a lower high today also, I still think that down leg on the daily is due. The turn does not always happen in a day... Regardless - low chance we'll both trade...
  16. L

    Algo Trading ES/NQ Performance Metrics.....which are the best ?

    I don't see how those numbers can help you optimize performance except for MFE/MAE? But if you want to track performance - you should compare points extracted versus points offered.
  17. L

    ES Journal - 2019/2020

    And so it continues... Friday marked a new low in volatility with a 19,75 point range (roughly 34 % of the 20 day average). Also, we traded lower than Thursday. I still think a down leg from here on the daily is the most likely possibillity, but the turn can often take longer time than one...
  18. L

    ES Journal - 2019/2020

    Clever observation. The pullback also ended at the same time and we had the HOD within 5 minutes of Thursday also. Not only that, but the LOD clocked in at the exact same time. So, Friday was basically Thursday except the range was smaller...
  19. L

    ES Journal - 2019/2020

    If that's your opinion you have not been paying attention lately in the prior ES journal and/or you're an asshole also. :)
  20. L

    ES Journal - 2019/2020

    It's a common pattern with this member (and also some others). On the prior journal there were some really bad ones. I called him out on one of them in a respectful manner and he responded by blocking me (yet he still reads my posts). So, be prepared for that... :)
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