ES Journal - 2019/2020

[vanzandt]

Don’t see the debates having an effect on the markets unless Trump intimates more stimulus is certain.

Of course he'll say that. It doesn't cost him a damn nickle. I'd say it too.
We live in the age of Trillions.
Covid has made ever increasing massive debt levels acceptable.

And if anyone would exploit that........................

 

[Overnight]

Don’t see the debates having an effect on the markets unless Trump intimates more stimulus is certain.

What will matter is the perception of who won this first debate.

 

[vanzandt]

What will matter is the perception of who won this first debate.

Only for the Sheeple.

 

[themickey]

Only for the Sheeple.

 

[formikatrading]

Agreed. I really don't think any big money traders are wasting a lot of time worrying about positioning based on the debates. Also, a lot of folks are going to get left behind if last week's lows were it. Just feels like the max pain may be still to the upside. That's my take for now but always maintain maximum flexibility and be ready to adjust.

Only for the Sheeple.

 

[themickey]

.....Just feels like the max pain may be still to the upside. That's my take for now but always maintain maximum flexibility and be ready to adjust.

The Robinhooders have been correct for some while, maybe they are due some pain now?

 

[Relentless]

Only for the Sheeple.

Fortunately they won't hear you and get offended.

They are busy "buying the dip back to ATH"

 

[Laissez Faire]

Tuesday according to me was a weak rollover of another minor top.
This week am expecting further weakness.
I hold short positions and have stopped buying longs.

Why? I thought you didn't predict...?

Seems like we traded down to last Friday's Close overnight. I definitely think there's more downside in the weeks to come, but I'm thinking maybe some consolidation here...?

But I know nothing. Medium/long-term predictions is just for fun on my end.

End of month today + GDP. I believe the last end of month sessions have been bearish, but not at my trading computer right now to confirm.

First day(s) of the month tend to be more bullish, I believe. That would be tomorrow, Thursday.

 

[themickey]

Why? I thought you (Mickey) didn't predict...?

Correct, I don't predict, I gamble hard earned dollars by reacting.
The first week in September was the beginning of selloff.
Big problem for many is they forget what recently happened, they take their eye off the ball.
Arember, I been doing this shit over 3 decades and work off algos, so got some sense.

 

[Laissez Faire]

In the end - your reaction is still a prediction that your entry will move in your favour. And you did say you were expecting weakness this week.

Seems like prediction to me. Semantics, maybe.