Certainly will be a big part of the trip.
ES Journal - 2019/2020
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I will post a few charts with entries and rules. My targets are based on average MFE and are typically ten or twelve ticks with initial stop under entry pivot not to exceed 7 ticks. What I do is a variation of trend pullback using three time frames. A setup can occur on any of the three but they have to be in synch.
Yellow line is 9ema, red is 30wma and white is 90 wma. For a short, price must close above or at least half of the body above the 9 and vice versa. The fourth arrow on this chart failed in that it didn't go to either target or breakeven stop of 8 ticks. There are other filters based on the other time frames..for example, price on the next higher time frame has to come in contact with the 9. Divergences come into play in my filters. I adjust tf's as to current volatility but are currently set at 1500, 4500 and 13,500 tick
As the markets recover on hopes for more rate cuts.....I don't think we will ever see a real sell off. These little retrenchments are nothing. The FOMC is going to keep prices elevated so the chances of a real buying opportunity won't happen in my life time.
So sad you'll be leaving us within a few months.
I don't think Biden's problems will go away and Sander's health is in doubt, this could hand Warren the presidency if Trump gets impeached. Warren is known to be a hardcore socialist that is unfriendly to big business. Putting the above together with a slowing economy, a strong dollar and an idiot heading the Fed creates an environment of "sell first, analyse the outcomes later" that could see the sell-off continue, 10% is probable, 15% likely and 20% a possibility. I got my money where my mouth is and remain Short in US markets.
The notion of a bad employment nu, so the Fed will cut, being good news, is silly, if the nu is dad it's because the economy is bad... it is bad news! The Fed is so far behind the curve that any action now is just "damage control" not a boost to the economy.
are high
The notion of a bad employment nu, so the Fed will cut, being good news, is silly, if the nu is dad it's because the economy is bad... it is bad news! The Fed is so far behind the curve that any action now is just "damage control" not a boost to the economy.
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It is because you were conspicuously absent at this time last year. There was a sell off then. I was long at that time, and had to take a loss when it stared to look real ugly by the beginning of November.
So we get a tiny pop-up, and you come online with your spiel? "Go long at any time and you will eventually be made whole" I'm long again for Q4, and am down a couple hundred points.
How you doing? Did you magically buy at the bottom, which has not yet been determined? And when it is determined, is that where your entry will be?
Well, you got to take what the markets give... if you are buy the dip trader, buying y'day dip could have given you 50 or so S&P pts, is that too small for you?
If 50pts is nothing then I guess you took the whole of 2017 off as 5 to 6 pts in a day was all the market gave all year. Do the maths, even a market that crawls all year, a buy and hold investor gaines on average 500pts on the year, a trader that takes 5 or 6 points every day can triple that. so even 5pt move is not "nothing". Besides, you can scale... if you want 50pts profit on a near flat market then do 5 contractracts at once. If you're waiting for the 100pt dips to tade, you might well be buying into a correction unless a black swan caused the dip (a TA signal might not differentiate between the 2)
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I did and now banking the profits in after-market... 55pts on the S&P, 500pts on the DOW & 190pts on the NDAQ
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