ES Journal - 2019/2020

syswizard · May 13, 2020

Factoid: S&P 500 PE Ratio is the highest ever in 19 years. Since we have no earnings coming up, it's likely to go higher.

Cessna06P · May 13, 2020

schizo said:
Should have paid attention.
But we've breached that level so many times already. It's hard to believe it still works.

What is HWB?

wiesman02 · May 13, 2020

Trading the 1 min is like doing drugs. Feels good a few times, but before you know it you’re broke and sick. And sick in trading via emotional breakdown. I gotta stick with higher tfs on these big moves

speedo · May 13, 2020

Cessna06P said:
What is HWB?

Half way back ie 50% retracement

Cessna06P · May 13, 2020

wiesman02 said:
Trading the 1 min is like doing drugs. Feels good a few times, but before you know it you’re broke and sick. And sick in trading via emotional breakdown. I gotta stick with higher tfs on these big moves

I like to use 1600 ticks for ES. It seems like it smooths things out a bit.

wiesman02 · May 13, 2020

Cessna06P said:
I like to use 1600 ticks for ES. It seems like it smooths things out a bit.

as long as I keep it at 5 min or above on trending days and 15 and above on chop days, I’m ok. Anything less is just too crazy for me

yesterday I stayed out of trouble bc I didn’t look at anything under a 15 min

Cessna06P · May 13, 2020

speedo said:
Half way back ie 50% retracement

OK thanks. Amazing that syswizard mentioned that before it happened and it was LOD.

speedo · May 13, 2020

Cessna06P said:
OK thanks. Amazing that syswizard mentioned that before it happened and it was LOD.

It’s an important level and the algo’s react to important levels....also smart traders

schizo · May 13, 2020

Cessna06P said:
OK thanks. Amazing that syswizard mentioned that before it happened and it was LOD.

Don't worry, it'll likely get broken tomorrow anyway.

Laissez Faire · May 13, 2020

Seems like volatility picked up again.

syswizard said:
Note: Low today was 2786.

Last week's low is also 2788,50.

Important area.