ES Journal - 2019/2020

theapprentice · Apr 13, 2020

Guessing down to 2680 now if that pattern has failed but think i'll only watch it for now. Been a dog fight for me today!

theapprentice · Apr 13, 2020

one last try
L 2728 stop 24

ps - where's flip?1

Spooz Top 2 · Apr 13, 2020

hafez50 said:
As traders our job is to catch some of the sauce falling off the edge of the bowl. When we see an edge we try to exploit it with size. Right now there's no edge and our job is to take some crumbs falling on the floor.If the mkt reacts bad to earnings and punishes co's then its time to hold shorts past a few mins's or hr's. The mkt will tell us

There was plenty of sauce on that textbook Fib retrace at 45-47 sell....

Laissez Faire · Apr 13, 2020

I do think my original call will play out with the day low coming in the last hour. It's just too easy to get caught up in short term and strong swings up - not seeing the forest for the trees.

Trading all the way up to 2748 with momentum got me fooled - particularly since NQ seemed to be breaking out and was well in the green.

Spooz Top 2 · Apr 13, 2020

Not sure why everyone is reluctant to put on shorts at the appropriate spots... trade what you see.. not what you think... KISS = Keep it simple ...

Laissez Faire · Apr 13, 2020

Spooz Top 2 said:
Not sure why everyone is reluctant to put on shorts at the appropriate spots... trade what you see.. not what you think... KISS = Keep it simple ...

We're scared of the FED and the PPT.

How do you calculate your 50% retracement? Are you using 24/7 charts?

I'm relying mostly on RTH charts, so I had mine at 41,50. I find them to be reliable most of the time, but I may start paying attention to the ones from extended trading hours too.

Picaso · Apr 13, 2020

theapprentice said:
one last try
L 2728 stop 24

ps - where's flip?1

I don't know, I'm flying blind without him here

vanzandt · Apr 13, 2020

vanzandt said:
I'm in.
Right at 136

Edit... no way it holds this high above vwap.
ugly (intraday) chart to short though, i will say that.

BOOM

That's what I was witing for. Now watch it drop.

Edit: I'm done. I took 135.27.
wins a win.

Edit... now it drops another $1. :banghead:

Spooz Top 2 · Apr 13, 2020

Laissez Faire said:
We're scared of the FED and the PPT.

How do you calculate your 50% retracement? Are you using 24/7 charts?

I'm relying mostly on RTH charts, so I had mine at 41,50. I find them to be reliable most of the time, but I may start paying attention to the ones from extended trading hours too.

Yup... Globex factors into the overall equation these days... It never used to be relevant but certainly is more often than not...

speedo · Apr 13, 2020

vanzandt said:
Where's Speedo?
"A"-"B"-"D"-"E"
"E"-"B"-"D"-"A"

Pretty sure that was the first progression I ever learned. Up on top of the neck lol.
Still do it today. 45 years later

NJ Man Charged After Over 30 Adults Gathered for Pink Floyd Cover Performance

Police in New Jersey are trying to identify at least 30 adults who attended a front yard Pink Floyd cover concert and violated the rules of social distancing amid the coronavirus outbreak.

Homeowner John Maldjian was charged with reckless endangerment, disorderly conduct, and two separate charges related to violating the emergency orders after he allegedly hosted a party outside his home on Blackpoint Road in Rumson on Saturday, according to police and the state Attorney General’s Office.

Most of the crowd were between the ages of 40 and 50, police said. Some of them sat on lawn chairs and enjoyed alcoholic beverages while they were less than 6 feet apart.

Officers say they interrupted the show as the guitarists played "Wish You Were Here" but they continued on.