ES Journal - 2019/2020

[Picaso]

-3ish

Stopped out. They did that on purpose to throw me out, didn't they?

 

[schizo]

Long 93.50

SL 88.50
PT 99.50

+4

Out 97.50

 

[FriskyCat]

Not sure if there's anything inherently wrong with Fridays. Been a long time since I've experienced chop like we had this morning.

Mark D Cook said he took Fridays off because a long term analysis of his performance showed a poor result on Fridays. But according to him - it was because of fatigue throughout the week.

He also traded lightly on Monday's because that was a bad day too. According to him - he thought it was because he was just warming up after a weekend off. Allegedly, Tuesdays were his best day.

IMHO, I think the "tail" wags the dog far more nowadays than it did back in the Cook, LBR, Schwartz glory days. 3 OpEx's per week + Monthly/Quarterly OpEx, VIX futs/options, etc..(plus all the passive investing, etc). Even Marty went on record a few years ago saying he doesn't trade the outrights any longer, moved to options selling.

Some of the really clean patterns that I saw back say 15-20 years ago no longer really exist, lots of bar overlaps, "crazy Ivan's", etc...

Just my observation, I'm sure I'll get heat for just mentioning it.

 

[schizo]

Near triangle breakout, gotta pick a side. Going up then down later. Probably flat today.

Are you referring to the intraday or the daily?

This chart is a daily of ES. As you can see it's a toss-up. We're hovering right at the trendline. We could bounce back up from here or we could simply break down. We won't know until it happens.

 

[theapprentice]

SS 2790

-6
flip long 96

 

[Relentless]

IMHO, I think the "tail" wags the dog far more nowadays than it did back in the Cook, LBR, Schwartz glory days. 3 OpEx's per week + Monthly/Quarterly OpEx, VIX futs/options, etc..(plus all the passive investing, etc). Even Marty went on record a few years ago saying he doesn't trade the outrights any longer, moved to options selling.

Some of the really clean patterns that I saw back say 15-20 years ago no longer really exist, lots of bar overlaps, "crazy Ivan's", etc...

Just my observation, I'm sure I'll get heat for just mentioning it.

Shouldn't get heat. Sounds more logical / practical than a lot of the nonsensical bullshit that gets posted

 

[schizo]

Short 99.25

SL 2802.25
PT 94

 

[FriskyCat]

Shouldn't get heat. Sounds more logical / practical than a lot of the nonsensical bullshit that gets posted

My experience has been that if/when I post commentary about how or why the patterns have changed etc, I get unsolicited "advice" about how I should do this or that. Seriously, it's ingrained in some people to reply that way.

 

[schizo]

Short 99.25

SL 2802.25
PT 94

-3

 

[Noone123]

Are you referring to the intraday or the daily?

This chart is a daily of ES. As you can see it's a toss-up. We're hovering right at the trendline. We could bounce back up from here or we could simply break down. We won't know until it happens.

View attachment 225959

Intraday triangle on 5 mins. Also we are at trendline. But base looks strong enough for a quick bounce north before sell off. I this market I guess i will swing for 15-20 pts.