ES Journal - 2017/2018

[manonfire]

Pros close, yesterday's closing range should stop this rally.

 

[mastacoli71]

Another one covered at 2625...avg short 2666.25...down to 2 lot

Add short 2650...avg short 2661

 

[treeman]

The low of the day could possibly only fall to the 2625 to 2630 area---no farther.

Fist bump.

 

[Builder17]

long 42.25
stop 37.25

out 52.25

 

[zenemini]

The low of the day could possibly only fall to the 2625 to 2630 area---no farther.

Good eye, B1S2! I'm short now one contract under 1/3 size at 2655 with a ten point stop and a 45 point profit limit. I would prefer if tomorrow were not a Fed day, but I trade technicals all the way, so I can't let that fundamental funny business get in the way of my trading plan. Have a good night

 

[treeman]

Good eye, B1S2! I'm short now one contract under 1/3 size at 2655 with a ten point stop and a 45 point profit limit. I would prefer if tomorrow were not a Fed day, but I trade technicals all the way, so I can't let that fundamental funny business get in the way of my trading plan. Have a good night

Ahh, Fed day. Where when the unemployment rate gets too low, they deliberately slow down economic growth.

I love how they try to hide the ball with all of the jargon and obfuscatory rhetoric. Powell should just come out and say, "The reason we raised interest rates this week, is that we are afraid too many people are finding work."

If we were being honest, we'd admit that the predominant macro economic tool used in economy is to deliberately create a reserve pool of unemployed people, who are then shamed for being unemployed.

 

[Buy1Sell2]

Good eye, B1S2! I'm short now one contract under 1/3 size at 2655 with a ten point stop and a 45 point profit limit. I would prefer if tomorrow were not a Fed day, but I trade technicals all the way, so I can't let that fundamental funny business get in the way of my trading plan. Have a good night

Really would like to see this get over 2662 and create a new floor.

 

[Buy1Sell2]

Really would like to see this get over 2662 and create a new floor.

Then we would have a target of about 2682 that may offer resistance and we need to push above. Could be some back and forth trading between 62 and 82 if we can clear 62.

 

[KevinD]

Ahh, Fed day. Where when the unemployment rate gets too low, they deliberately slow down economic growth.

I love how they try to hide the ball with all of the jargon and obfuscatory rhetoric. Powell should just come out and say, "The reason we raised interest rates this week, is that we are afraid too many people are finding work."

If we were being honest, we'd admit that the predominant macro economic tool used in economy is to deliberately create a reserve pool of unemployed people, who are then shamed for being unemployed.

The only inflation that counts is wage inflation. (according to them)

 

[manonfire]

The only inflation that counts is wage inflation. (according to them)

The CPI is constantly tweaked to allow for minimum entitlement increases and maximum stimulus and accommodation by the fed. There is no hiding from wage inflation the only soluiton is to increase the supply of labor, crushing the economy and employment.