ES Journal - 2017/2018

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MidwesternTrader said:
Question is how far can they squeeze this. RTY is within spitting distance from all time highs and another 5 - 7 trading days of squeeze could see NQ at ATH too. Hard for me to see ES and YM getting close to ATH in this cycle as they are lagging behind the other two in that respect.

I'll be looking to play NQ if/when the rug gets pulled out. As of right now we got 125 ES points of downside ($6K) for it to retest lows, but 600 NQ points downside ($12K) for it to retest lows. If the lows are tested, NQ will see some huge evaporation down days similar to the 2/2 and 2/5 drops.
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I'll be (and have been) playing opposite you. RTY, NQ, and rolling out of my ES contracts into those two. I've been watching the market rotation out of ES and into discretionary, tech, transports, oil, banks. S&P 600 doesn't look like a bear market to me, potential for a 10% move on breaking out, being pushed by a rising dollar. I see a bullish forest. Maybe a move down to 2645ish on today's weak ass volume.

Who knows though? I've been wrong before, and I'll be wrong again.
 
Ferrari shouldn't be making ath's in a bear market. If there was ever a canary in the coal mine stock, this has to be it. Meanwhile, safety (CLX, PG, CPB, etc) is cratering.
 
MidwesternTrader said:
Question is how far can they squeeze this. RTY is within spitting distance from all time highs and another 5 - 7 trading days of squeeze could see NQ at ATH too. Hard for me to see ES and YM getting close to ATH in this cycle as they are lagging behind the other two in that respect.

I'll be looking to play NQ if/when the rug gets pulled out. As of right now we got 125 ES points of downside ($6K) for it to retest lows, but 600 NQ points downside ($12K) for it to retest lows. If the lows are tested, NQ will see some huge evaporation down days similar to the 2/2 and 2/5 drops.
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If there is a high correlation between the two you could short NQ and go long ES. Still make $ as long as they converge.
 
Can we post CL trades here? Nice short at 71.25, 30 tick stop, 187 tick target, back to the mid $69 handle, imho. I'm targeting 69.38

EDIT: Nothing special about 71.25, imo - that's where I shorted it when it became apparent that the bounce I was looking to short was not materializing.
 
zenemini said:
Can we post CL trades here? Nice short at 71.25, 30 tick stop, 187 tick target, back to the mid $69 handle, imho. I'm targeting 69.38

EDIT: Nothing special about 71.25, imo - that's where I shorted it when it became apparent that the bounce I was looking to short was not materializing.
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Perhaps ask Buy1Sell2 as he started post and geared for ES.
 
L0ng 6.75
PS 02.50
dumped half at one point and PS 07.00
seeing topping formation
Rev 07.75 short
PS 09.50
Dumped half at one point
PS 07.50
All day long just grind it out, ave 55-65 trades of same crap,
Love automation to do this boring crap.
Rev here 05.50
PS 01.25
Dumped half of one point. lock in a tick PS, looking for much more on runners.
Am leaving, have charting to work on.

Hope all do well today, am out'ta here.
 
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