ES Journal - 2019/2020

[Laissez Faire]

Probably limited upside, yes, but could swing towards 90. Would normally expect a close below 90 on a day like this.

A signal nonetheless.

90 is just a general guide line. Nice momentum here and no sell signal yet.

EDIT: And as I wrote that - momentum slowed down. Probably a short term top here. I'd say the up side is capped at 92,50 by the close (04:00).

To be a bit more precise - a close below 89,25 would be expected, but might not be much lower.

 

[imjohn]

90 is just a general guide line. Nice momentum here and no sell signal yet.

EDIT: And as I wrote that - momentum slowed down. Probably a short term top here. I'd say the up side is capped at 92,50 by the close (04:00).

To be a bit more precise - a close below 89,25 would be expected, but might not be much lower.

Yep I liked the entry, and it would have been a winner for me as my target would have been 91. But filtered out as I was already in the zone for a short on another time frame.

Decent day though (especially in the latest low range/volatility environment).

 

[NQurious]

What makes you call for the swing high here?

Other than the fact that it made a higher high just 7-8 points short of 3109/10, it is doing exactly what I had imagined this morning. And by imagained, I mean I could have drawn that 5 minute chart at 9:30 AM and been pretty close. Hast thou forgotten thy triples?

Also, B1 keeps posting about a bull market with no end in sight. Therefore, the end is near.

EDIT May we mark me to market short 3089.50 please? Stop me out at 15 points day session 25 points Globex, target 2920. Thank you.

 

[NQurious]

May we mark me to market short 3089.50 please? Stop me out at 15 points day session 25 points Globex, target 2920. Thank you.

Second target 2725

 

[themickey]

Buy1Sell2 said:

Certainly staying long here at 3098.00

Nice top call.

 

[NQurious]

Last several weeks, I've been getting about half the average number of signals.

Should revert back to avg signals now, methinks. Unless this is another one of those stretches where Globex traders make the money and we just make time.

 

[speedo]

Should revert back to avg signals now, methinks. Unless this is another one of those stretches where Globex traders make the money and we just make time.

I hope so, this PA is largely static.

 

[Buy1Sell2]

We'll be higher by end of today or tomorrow. Staying long for now in this parabolic bull market.

 

[speedo]

What a "parabolic bull market" looks like

 

[FXtrader8911]

What a "parabolic bull market" looks like

Perhaps there's confusion between parabolic and undulation.