ES Journal - 2017/2018

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Well, most of the time I do not expect much on Friday. But I was expecting a bit more action than this for this particular Friday. Have a good weekend y'all
 
Handle123 said:
I have automated 14 systems, and few actually scalp as I do in the 50 plus future markets, most are very long term and dance options around them and hedge open profits, very much how Buffett does it, but I have swings off dailies and 60 minutes but all get hedged, so initially have close to zero risk and sometimes positive expectancy, think long and hard enough, open minded and when many people say it can't be done, tells me it is being done and "they" don't ant you to discover it, LOL. Risk and drawdown is everything to me now, have next to nothing drawdowns, accounts goes up and don't have to beat the percentages of anything if you have far less drawdowns. The game has always been fun and until it stops being fun, be doing this another 40 years.

You sound like you doing well, so keep it up, love to hear others doing well.
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It's not that I don't believe you, but where did you learn all of this? Truck driving school?
 
Spooz Top 2 said:
Bullys established floor over 60 pivot .. so looking strong here...with more room to run... flat here as i lowered trailer off weds hammer... small gain of 12h on 3c...

Looking at that 2700 TL kiss... & potentially 2720 area.. potential Wyckoff Thrust set up there.. Flat & In Observation Mode here & will remain that way Unless a Cherry presents itself.
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60 proves it`s Pivot Worthiness right out of the gate & held for reaffirmation for Bullys... That said, I firmly believe that we see /kiss that lower Trend/Support line off this 350 Handle Wedge that we are building starting from Feb Lows for a proper build out.

Hourly is worth looking at as it`s a potential 60 Handle, Cup & Handle, formation building out as we`re working on the handle now.

Summary: which TL do we get first... either one is an extremely low risk entry with an exceptionally Hi RR.

Back from Vaca on Monday... so hope we get a shot in the arm with some juiced up Vol.

- Play it tight to the Vest & your head on a swivel,
-Steve
 
Spooz Top 2 said:
60 proves it`s Pivot Worthiness right out of the gate & held for reaffirmation for Bullys... That said, I firmly believe that we see /kiss that lower Trend/Support line off this 350 Handle Wedge that we are building starting from Feb Lows for a proper build out.

Hourly is worth looking at as it`s a potential 60 Handle, Cup & Handle, formation building out as we`re working on the handle now.

Summary: which TL do we get first... either one is an extremely low risk entry with an exceptionally Hi RR.

Back from Vaca on Monday... so hope we get a shot in the arm with some juiced up Vol.

- Play it tight to the Vest & your head on a swivel,
-Steve
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Disagree completely. All day long I've been watching a seller build into a huge short position on the tape. I thought he was going to take the market down today but he's still selling into the highs. This market is going to hit the bricks before any trendline kiss.
 
Mbondy, Interesting.....
So what you`re saying is that is`t going to make it`s move South Bound before we can build out into an Apex?

How do you know that this seller is " Selling to Open " a Short position... vs off loading existing longs or building into a Spread?

Im interested in hearing what you have to say, man.. good stuff
 
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