ES Journal - 2019/2020

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Laissez Faire said:
The RTH ranges have been decreasing all week with every day below the recent average. I'm wondering if we could be setting up for another leg down on the daily.

EDIT: Even though a 27,75 point range is decent by most standards, it's only a measly 45 % of the recent average range.
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Probably since I am now flat! But not going to risk a rabbit out of the hat overnight.
 
Laissez Faire said:
The RTH ranges have been decreasing all week with every day below the recent average. I'm wondering if we could be setting up for another leg down on the daily.

EDIT: Even though a 27,75 point range is decent by most standards, it's only a measly 45 % of the recent average range.
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...Deceleration, contraction
 
I want to thank the longs for tomorrow's donation. I plan to spend it on booze, blackjack and hookers... on second thought, let's forget the blackjack and booze.
 
SPYgrain said:
Should at least see pullback from near highs to 2523 area
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Been expecting that. I will look for entry tomorrow if we finally break this counter trend long. Getting out was more of a gut feel that we are going to ramp up above 2600 before heading lower.

Knowing the way this has worked out in the past I will miss the boat on the trade down to low 2500’s
 
mastacoli71 said:
Probably since I am now flat! But not going to risk a rabbit out of the hat overnight.
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I was wondering about your rationale for exiting that short as you seemed to had accumulated a very nice position for a swing short and one where you could utilize a relatively tight stop.

Not a prediction on my end as I don't know too much about daily swings, but I could see us at least retrace a bit from here.
 
Now that we have broken 79.5, I will look to get short again on pullback...that is if I get a chance!

Like I said, probability of this happening are low based on my past experience.
 
mastacoli71 said:
Been expecting that. I will look for entry tomorrow if we finally break this counter trend long. Getting out was more of a gut feel that we are going to ramp up above 2600 before heading lower.

Knowing the way this has worked out in the past I will miss the boat on the trade down to low 2500’s
More...
to what are you referring, "worked out in the past"..?
 
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