.... A subliminal magnetic pull north towards green-er pastures ....Not close green
Touch green at least intraday
ES Journal - 2019/2020
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I have never looked at his blog. The mention of his name prompted me to share my initial experience with him, and how he imploded back in 2006-2007 (which has been conveniently scrubbed off his past). Little did I know that he would implode again. There is no $75M net worth. And I truly wonder what happened to the original investors in his fund, back then. If they got a share certificate in the Mongolia Fund, we
both know how they ended up.
Excellent response to Ken Calhoun, btw. Very well written, and to the point.
There is one thing I learned in March, one of my best months; fundamental analysis is dead, my Econ degree is worthless, and Algos rule...
The "call" from many in this thread is for fresh all-time highs in ES.
I continue to NOT be in that camp prior to elections and more likely into early 2021.
Just saying.
I continue to NOT be in that camp prior to elections and more likely into early 2021.
Just saying.
Well tried to pick tops 2 times earlier today and got stopped out. So after I did a long trade that worked out.
Gotta love a contrarian... I used to be one!
Still am occasionally... as it resonates with my cynical side....
Too bad XLF didn't get the word.
$23.84.
That's ok B1.... watch the shit-storm I get if CMG knocks one out of the park Weds.
https://elitetrader.com/et/threads/chipoltes.347778/
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I currently only trade YM. I am also not expecting new all-time highs.
At the end of this month:
“They extended unemployment bonus benefits, they’re going to print money until it’s worthless!” Markets tank.
or
“They ended unemployment bonus benefits, nobody can survive now!”
Markets tank.
-gold and silver are finally showing movement
-a national coin shortage
regardless of the real reasons, these add uncertainty and hurt overall public confidence
I’m not sure what the catalyst will be. It might be the election. The results won’t matter. The other side will say, “See, this idiot won and now the markets crashed and our economy is screwed.” Both sides will make that argument. So the actual election result won’t matter.
Having said that, as a day trader, if I get a long signal I’m long. If I get a short signal I’m short.
So all of the above is of course just a wild guess.
Maybe some think it’s almost too obvious, which is why they think we’ll see ATH?
I like Ken but his watchlists puzzle me. He claims to specialize in trading gappers and trading the open, but his lists are flawed if that is his strategy. He does hit the right note here and there, e.g. IBIO today; but for the most part he appears to be playing out of tune.
Yes they do. Fortunately they are readily exploitable. Their footprints are all over the chart. I think of myself as simply following in their footsteps.
If merely having a different view of things makes me contrarian, so be it.
In reality it means the downside price levels as presented on a daily, weekly, and monthly remain in effect. A fresh ATH negates my current analysis. Until then, this is just a retrace that is confirmed by volume. YM also will not make fresh ATH, similar analysis.
I am not short. I remain focused during the trading day, long and short.
We're headin' south Winky, just give it time.
Yeeeeeah. How 'bout that rally in financials that's supposed "to lead the way".
Its just taking a week... as it "consolidates". So everyone can jump in and make money.
A f'n blind man can see it.
What time does school open next month btw? 10 trillion single moms need to know. Hey Mitch.... what was that again about a "back to work" bonus?
In all honesty, I shouldn't even joke about this stuff because its far from funny for so many. That's my bad.
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