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  1. mervyn

    ES Journal - 2021/2022

    SPX lowest was 3636.87, we have not breached that number on my chart. Why CNBC running a headline? I am very perplexed today. On a good sign, CCI is pointing up on daily, perhaps June low is a support level.
  2. mervyn

    ES Journal - 2021/2022

    Yes, max drawdown at 5k, 50% of my initial balance, which had been wiped few times in Q1 this year. I only count total points, $50 each. And importantly, this is my "funny" money, can't take it seriously.
  3. mervyn

    ES Journal - 2021/2022

    51 points on 16 lots, done for the day. Break out is unlikely today. I am a bit perplexed, ES and NQ charts look exactly the same on 5 15 30 minutes.
  4. mervyn

    ES Journal - 2021/2022

    All depends on next week few Fed officials talk. We may hit the 50% Covid low to Jan high.
  5. mervyn

    Xi Jinping under house arrest?

    His CV doesn’t impress me. I heard him in person decades ago when he first showed up in the global investment conferences as speaker. he is a failed journalist and commentator, not a successful political hack neither. None of the things he predicted came out right. If you were betting on his...
  6. mervyn

    Xi Jinping under house arrest?

    This guy is an idiot, as usual.
  7. mervyn

    ES Journal - 2021/2022

    I expect we touch the low once more but can’t go below by much. It seems to me the rate hike to 4.5% is priced in, perhaps only variable is the CPI number next month. The oil is back to January price. I see a relief rally to 3800 at least.
  8. mervyn

    ES Journal - 2021/2022

    Not surprise it bounces back but I don't open positions in the last 2 hours of the market, many last minutes rally missed.
  9. mervyn

    ES Journal - 2021/2022

    are we seeing 3639 low today or this month?
  10. mervyn

    ES Journal - 2021/2022

    omg, done for the day. Easy ride for the first 20 points on 8 lots in the morning. Then I went long 12 lots around 3695+/-, moved down stop loss multiple times and decided to cancel because I don't want to take losses, finally bounced back exit 3698-3699 in green, it is luck but all the...
  11. mervyn

    ES Journal - 2021/2022

    Absolutely I will get it back, just can't trade 2 fast moving instruments simultaneously. ES gives me more juice, while my stock portfolio are all in big techs.
  12. mervyn

    ES Journal - 2021/2022

    Off topic, picked up another 500 shares of TQQQ, instead of trading NQ this year. Lost 36k in NQ YTD, all in Q1, maybe I shall get back in next year.
  13. mervyn

    ES Journal - 2021/2022

    Goldman cut it’s year end target to 3600 from 4300, it is serious.
  14. mervyn

    New York AG files civil fraud lawsuit against Trump, some of his children and his business

    Public prosecutor is for the people, therefore in the case like this, it is New York tax payers.
  15. mervyn

    ES Journal - 2021/2022

    many points on 28 contracts, mostly from 3780 +/- 3 points before lunch.
  16. mervyn

    ES Journal - 2021/2022

    Long 1 ES contract at 3775 in my carry account, I shall see.
  17. mervyn

    AMP global a trustworthy broker?

    AMP is good choice for actively day trading futures.
  18. mervyn

    ES Journal - 2021/2022

    We had not posting argument last year. I am good at what I summarized, no point of making things up as we are regulars here. I recall there is another post, trading is a game of solitude, you make it or you don’t, others opinions don’t matter. If you run out of money, you don’t stick around on...
  19. mervyn

    New York AG files civil fraud lawsuit against Trump, some of his children and his business

    no, US lenders maybe bailing out, but Trump org locked Israel and Saudi banks very tight by selling out the Palestine. The valuation is different topic.
  20. mervyn

    ES Journal - 2021/2022

    I think so. Asia markets open soon and lot of managers will sell, then European markets selling pressures come next. Adjust my GTC buy to 3775.
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