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  1. formikatrading

    ES Journal - 2021/2022

    Can't we all just get along? :cool:
  2. formikatrading

    Market observations and actions

    My "secret" indicators seem to be confirming the bullish scenario. We'll see what happens! Best wishes!
  3. formikatrading

    ES Journal - 2021/2022

    Impulsive Wave 3 right now. Enjoy the Ride.
  4. formikatrading

    Market observations and actions

    May be what has been going on past couple of weeks! If we follow-thru today, bullish thesis seems to be in play.
  5. formikatrading

    ES Journal - 2021/2022

    Looks like we completed the pullback. Bullish thesis still intact and looking more likely.
  6. formikatrading

    ES Journal - 2021/2022

    Been watching this. Maybe we finished this pullback. I'm still holding through this mess.
  7. formikatrading

    Market observations and actions

    A few observations: 1) Margin Debt: From my perspective, this is only useful in hindsight because margin debt is expanding as a market is moving up -- it won't call the top for you -- only provides some insight as to the danger of a top when people start liquidating positions. 2)...
  8. formikatrading

    ES Journal - 2021/2022

    If the bullish thesis I have been operating under is correct, the pullback low is in. I'm using morning futures lows as a line in the sand.
  9. formikatrading

    ES Journal - 2021/2022

    A bit of a ST low. Pullback COULD be over. BUT now we are up against ST resistance.
  10. formikatrading

    Stocks Intraday - Multiple Timeframe Alignment - 5 and 15 min

    Here is my 2 cents on this: If you really want to be good at this trading thing, even as a short-term trader, I don't think you can ignore the daily and hourly. I just think there is way too much noise at the shorter time frames so you can improve your accuracy tremendously if you have a sense...
  11. formikatrading

    ES Journal - 2021/2022

    This is tough play here because even if you're bullish there is overhead resistance --- easier to let it play out if you were in at lower levels because of the cushion. I'm still thinking there is a bigger picture bullish scenario but acknowledge I could be wrong. Close today will give us a...
  12. formikatrading

    ES Journal - 2021/2022

    This game is all about trading what you see and not what you think -- and having conviction.
  13. formikatrading

    ES Journal - 2021/2022

    So I could be wrong but I have been in the game long enough to see some things before. In isolation, yesterday's close causes some people to doubt the rally when in fact that pattern in context ends up being bullish. If this is the case, market should get more upside traction today. I'm in...
  14. formikatrading

    Gotta love ZERO RISK in the SP500 = $$$

    Best wishes for a speedy recovery!
  15. formikatrading

    ES Journal - 2021/2022

    Looking that way right now!
  16. formikatrading

    Crushing your dreams about trading

    Sometimes less is more in this business. Also, there are a lot of flawed assumptions traders have about how the markets work or how to trade. If your beliefs, assumptions and biases are messed up, you can work hard and fail hard.
  17. formikatrading

    Gotta love ZERO RISK in the SP500 = $$$

    Sammy was unfairly criticized by someone a few days ago (other than Ken) when he had a pretty good sense of the overall market conditions. There is an "art" element to analyzing the market and Sammy was utilizing that skill set. Nice job! One of the things I like about Ken is that he...
  18. formikatrading

    ES Journal - 2021/2022

    So did a deep dive after hours -- I believe we put in the intermediate term low. I think long and strong is the way to be for next several weeks. The one thing I have maintained is that there is nothing fundamentally wrong with the market right now - meaning there is no reason to fear a major...
  19. formikatrading

    ES Journal - 2021/2022

    I tried to buy some dips. Didn’t get killed but clear that the monthly / weekly “cycles” in control. We are at the end of the month - for now, expect to see October close higher but we shall see.
  20. formikatrading

    ES Journal - 2021/2022

    Seasonal weakness. My monthly / weekly reads were down for this month / week so momentum to upside hard to come by.
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