ES Journal - 2019/2020

[Gaslight Capital]

Some posters saw shampoo... some saw a profitable set up laced with $$$.....

From reading here it looks as though quite a few could use the zinc shampoo as today's price action left many of them scratching their heads.

The market had my indicators whipping all over the place....one of the most volatile days I've ever witnessed. It was just "whip city" and the algos/bots were just going wild.

Today was a one way trend day and most HFT bots were out of the market after 10 AM because trend days are not days they can take the tail risk as the market is moving too fast in one direction and the spread is too much of a moving target even in the dark pools. Swing algos were short from about 10 AM on - some since Wednesday- and many were covering into the mid-high 2990's for the reason mentioned by @Spooz Top 2 in one of his posts.

Yeah, we are likely to get a rebound from this one day move down.
One question:
How long will that bounce last ?

All the way to the top.

 

[vanzandt]

Yeah, we are likely to get a rebound from this one day move down.
One question:
How long will that bounce last ?

Not sure, but as I've said here more than a few times, there's certain nights when you have to take into consideration the entire big picture of what has happened in the last however many newsworthy days... then look at the close that afternoon, what happened that day, and then look at where the ES is after a few hours of trading. That's not retail tonight. Oh it might be a bunch... but they don't move this pig... thats smart money.
Take 3043 and close it for now.
18 points always works.

 

[Relentless]

Judging by the sound of crickets.... I have a bad premonition that some here were caught Long or averaged their Longs on the overnight..... because it "It Always Does"....

Crickets again this morning.

Surprising considering the volatility.

 

[Spooz Top 2]

Looking for 85 to be tagged here .... Probable short entry

 

[vanzandt]

 

[Spooz Top 2]

Crickets again this morning.

Surprising considering the volatility.

Nature of the beast... evolution of trading... few years from now, this place with be filled with new user names... soon to be vaporized once again.....

 

[theapprentice]

ss 83 stop 87

 

[theapprentice]

edit - got filled at 82 and closed for +10

 

[Relentless]

ss 83 stop 87

edit - got filled at 82 and closed for +10

View attachment 230412

Can't remember the last time i saw "ss" next to your trade...

Nice trading as usual!

 

[IB_Dude]

Crickets again this morning.

Surprising considering the volatility.

Lol, well not many were really posting bullish positions on here, right? Apprentice was bullish, but we closed out his position nicely before the drop. I sure hope no one was Ball-to-the-wall long going into yesterday.

Yesterday was definitely a middle finger day. The magnitude and speed surprised me for sure. Options got really expensive yesterday, so I'm light at the moment. I think 84-88 should get tagged today, but ultimately, I'm looking for vol to come in a bit.

Still holding my WORK play (entry was 31.52 and not full size)