ES Journal - 2012

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Quote from JoshDance:

Yeah but my point is nobody cares about business inventories. No trading there.


I hear you. But funny thing about that stuff. Nobody cares until they care, you know what I mean?

Who gives a shit about my stupid red line, for example? But it's been pretty damn important -- confoundingly so -- over the past 10 days.

My approach with this stuff is to assume as little as possible, and wait to hear what Mr. Market has to say. More often than not, I'm surprised.

[EDIT: For those who care, stupid red line is now at 1345 -- which also happens to be the midpoint of the opening five minute range]
 
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