ES Journal - 2019/2020

[vanzandt]

Short term trend is now decidedly up. It may not last until opening, but it's there right now. We've had a sell signal failure here in the last 5 minutes. We did not get the rip that I expected at closing today, but it is coming and I want to be on board.

Send Magna a thank-you B1.
....Deez is gone.

Now... lets get back to the #1 trading blog on the world wide intrawebs.

 

[Sekiyo]

Finally sold a 2nd contract @ 3146.75
View attachment 220436

Average price is then 3149.125
View attachment 220437

I'll TP today's low @ 3127
View attachment 220438

Upside risk is 3165-3190
Downside Opportunity 3120-3075

We should pull back around 3130
Then maybe head towards 3175
Or if we’re still bearish : 3075

Got to cover on pull back.

 

[themickey]

I'm back.

And Mickey... you gave this douche-bag a like when he came at me?! Now you and I can talk about China, you've got me thinking deeper about that... but bro.... in the States, at least where I come from...
....ah whatever. You're alright Mick.

I have an affinity toward shitstirrers otherwise what else is there to talk about?
Like a train wreck, people are drawn to it, unfortunately I don't know how to make money from it.

 

[FriskyCat]

Deez got the boot? Sure he was pretty obnoxious, but nothing out of the norm for this place. Heck there's at least a dozen versions of him running around this place at all times.

 

[themickey]

ASX Mkt closed down very bearish, and -2.3%, so that isn't a good sign of a turnaround yet.

 

[wiesman02]

ES not looking strong right now. I'm thinking we've got one more wave down before some short covering occurs. Wednesdays session sometime might be a good short term buying opportunity.

 

[Sekiyo]

Not sure.
Still short but 3120 looks like a 3rd leg low.
And today’s upside potential looks more appealing than downside currently.

 

[Sekiyo]

ES not looking strong right now. I'm thinking we've got one more wave down before some short covering occurs. Wednesdays session sometime might be a good short term buying opportunity.

However there ain't much volume at the top.
And volatility is decreasing on the way up.

 

[wiesman02]

I can't post charts, but I like to use Elliot Wave when the waves are obvious. Wave 1 down Thursday Feb 20 followed by Wave 2 retracement. Wave 3 down Sunday night into Monday followed by Wave 4 retracement. Wave 5, Tuesday, can be characterized as the selling climax. You should start to see buying in this area.

Only reason I say one more small wave down is this accumulation zone doesn't look particularly strong. I like to use 5 waves for elliot wave, but when trends are strong, throw that out the window and the waves keep on coming.

 

[Sekiyo]

I can't post charts, but I like to use Elliot Wave when the waves are obvious. Wave 1 down Thursday Feb 20 followed by Wave 2 retracement. Wave 3 down Sunday night into Monday followed by Wave 4 retracement. Wave 5, Tuesday, can be characterized as the selling climax. You should start to see buying in this area.

Only reason I say one more small wave down is this accumulation zone doesn't look particularly strong. I like to use 5 waves for elliot wave, but when trends are strong, throw that out the window and the waves keep on coming.

I don't like trend line neither.
Or just for entry precision.

Because we can break both of them just to make a pull back.
And continue way higher than we're currently at.

I like waves but I don't use Elliot ones.
Let's see ^^