ES Journal - 2019/2020

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Trading the daily probably shouldn't be updating us much more than once a week?

If you really are trading the daily? You are here every day?
 
Laissez Faire said:
Now we're talking. Any reason you expected the drop to be 'significant'?
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Yes. When a bounce back from the SMA line occurs, it can go 2 ways (using the current monthly candlesticks as example) :

1. It is the highpoint of the counter trend rally and we would go as low or lower as the previous low. In this version we are talking about 350ish points or more.

2. This is just a short bounce back, but usually reaches half of the SMA-BB width. That width is 350 points wide currently. So even in this scenario I would expect at least a 100 points drop from the 2730ish top.

At this point there is no way to tell which version will play out but either way, it is significant in size because the prediction was based on monthly sticks...
 
we could see two more days down, starting to get that feeling ..

and why not? been like 2 months striaght up

sell off today, tomorrow, and gap down Monday = 3 days?
 
Pekelo said:
Yes. When a bounce back from the SMA line occurs, it can go 2 ways (using the current monthly candlesticks as example) :

1. It is the highpoint of the counter trend rally and we would go as low or lower as the previous low. In this version we are talking about 350ish points or more.

2. This is just a short bounce back, but usually reaches half of the SMA-BB width. That width is 350 points wide currently. So even in this scenario I would expect at least a 100 points drop from the 2730ish top.

At this point there is no way to tell which version will play out but either way, it is significant in size because the prediction was based on monthly sticks...
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Nice, Pekelo. Good ideas. Thanks. :)
 
Buy1Sell2 said:
Bottom in for the day now and perhaps the move in general. I maintain long bias.
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Could be ... I'm still short and still looking to cover at 2681.25 ... getting late in the day though.

So far I haven't seen any "massive = no doubt" buy signals ... have you?
 
NQurious said:
Could be ... I'm still short and still looking to cover at 2681.25 ... getting late in the day though.

So far I haven't seen any "massive = no doubt" buy signals ... have you?
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There have been 3 of each today --3 long , 3 short.
 
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