ES Journal - 2017/2018
- Thread starter Buy1Sell2
- Start date
- Status
Ri-dic.
Buy TL's, and reverse Sell TL's
Wait around for flat SMA's or read chop on chart, but it is a skill all need to learn, one day if economy ever changes hugely, you see nothing but tight ranges.
... and sure enough, they were accumulating. Just over 2 billion in assets added to the balance sheet. To give some context, between April 11-18 the Fed were also net buyers (again accumulating 2 billion) but resumed their selling campaign the following week shedding almost 13 billion in the sell-off that followed. Not only is this textbook trading technique (nothing to do with charts and indicators) but it's also a unique opportunity to watch an extremely large player unwind an enormous position in real-time. Since the Fed doesn't want to 'shock' the market, unwinding a position of this caliber requires a lot of finesse (and by extension will create lots of volatility).
Only 2 or 3 more years of this to normalize the balance sheet barring an outright collapse.
Lower prices ahead, one way or the other
Not a bad call from Tues seeing how we gained about 61pts from there and we are past closing on Thurs.
... and sure enough, they were accumulating. Just over 2 billion in assets added to the balance sheet. To give some context, between April 11-18 the Fed were also net buyers (again accumulating 2 billion) but resumed their selling campaign the following week shedding almost 13 billion in the sell-off that followed. Not only is this textbook trading technique (nothing to do with charts and indicators) but it's also a unique opportunity to watch an extremely large player unwind an enormous position in real-time. Since the Fed doesn't want to 'shock' the market, unwinding a position of this caliber requires a lot of finesse (and by extension will create lots of volatility).
Only 2 or 3 more years of this to normalize the balance sheet barring an outright collapse.
Lower prices ahead, one way or the other
If 2 year crosses 10 yr we are pooched. I believe they are trying to unwind and raise gently so when shit hits the fan they have room to cut. Feds are essentially now the bag holders and all of the world are counting on them to keep it under control. Thank Yellen for creating the next credit crisis and nobody their to backstop them. Not a good situation.
- Status