ES Journal - 2019/2020

[destriero]

lol 2470... you need to check your time machine, Polenta!

 

[Overnight]

lol 2470... you need to check your time machine, Polenta!

That names seems familiar. Was Polenta a member on here at some point? I recall that nick, but cannot recall from where.

 

[destriero]

That names seems familiar. Was Polenta a member on here at some point? I recall that nick, but cannot recall from where.

lol no.

 

[destriero]

Back pedal and spin it as much as you want but
It is what it is. He called for a sell off from 2570 ES and we ended up closing 26 above that.

You must be on your trike!

Nikkei will pop 60-80 at the open and close negative. Say, -120 on the day. Our index markets to close lower tomorrow.

My call was posted at 3:29PM Eastern on Wednesday! Trading 92.00 on ESM9! 6633 on NQ! You're improving, Polenta! You're only off by 22 points.

Here's the cover at 9:46PM Eastern, six hours later. NQs were at 6633 at 3:29 and were trading 6565 on the long futures trade post into my index short.

I took off half of my index short via D1 in NQ buying 65. I should be up more than 5% on tomorrow's run as my diagonals are exploding.

If you look reallllly closely you'll see ES 62s trade the morning of the 10th.

 

[destriero]

Wait until you see today's run!

 

[Laissez Faire]

Nah, @destriero is a good guy in my books. I know he likes to go on the attack, but rightfully so.

There was another post maybe a month or two ago where he also made a call, and it didn't end up well, and he did show about a -2% loss for the account on that day.

He might get pissed off easily, but I think when it comes to accountability and transparency, he does his due diligence.

If that's your opinion you have not been paying attention lately in the prior ES journal and/or you're an asshole also.

 

[Laissez Faire]

Sell-off/pullback started at exact same time as yesterday 10 minutes to 1 (ET)

Clever observation.

The pullback also ended at the same time and we had the HOD within 5 minutes of Thursday also. Not only that, but the LOD clocked in at the exact same time. So, Friday was basically Thursday except the range was smaller...

 

[Laissez Faire]

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.

And so it continues...

Friday marked a new low in volatility with a 19,75 point range (roughly 34 % of the 20 day average). Also, we traded lower than Thursday.

I still think a down leg from here on the daily is the most likely possibillity, but the turn can often take longer time than one might except.

 

[mastacoli71]

And so it continues...

Friday marked a new low in volatility with a 19,75 point range (roughly 34 % of the 20 day average). Also, we traded lower than Thursday.

I still think a down leg from here on the daily is the most likely possibillity, but the turn can often take longer time than one might except.

I believe this rising wedgewill resolve with some increased volatility next week. Let’s see what congress can muster up as a catalyst over the weekend.

 

[mastacoli71]

Bought 2590 calls on the position that expire today for 4. Now that we broken 2591 agree with B1S2 that 2600 will be tested. If we somehow sell off into the close (highly unlikely), then I get lucky.

Stopped out Friday for 14 pt loss. Bought 2580 put expiring close on Monday for 4 pts in case we get catalyst over the weekend.

I see 2600 holding as strong resistance