ES Journal - 2019/2020

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Buy1Sell2 said:
By the way, a massive signal does not mean 100 percent winner. Massive means that it is a signal that there is no doubt about taking. It typically does have a high level of certainty but must be managed like any other trade because it's not guaranteed to produce a certain number of points --A massive signal is one that is immediately seen when looking at a chart for 1 or 2 seconds. I need to clarify that since someone tried to say 100% certainty yesterday.
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TRUE...the massive was @ 2400.00, the rest are just HL_HH. Within this massive signal today, we had two probes @ 2692.00, after that, two textbook upsets @ 2694.00 and 2699.00. We are approaching over head resistance as we continue to test, but the trend is still technically up.
 
Buy1Sell2 said:
This is meaningless on the the 7th day of the month.
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We've reentered the monthly TL resistance level. That's where the massive selling came in.
Monthly is red and below both the downtrend line and retest of that uptrend line. I agree the trend is up at the moment, but it's certainly not a high probability trade yet IMO.
 
cowf said:
TRUE...the massive was @ 2400.00, the rest are just HL_HH. Within this massive signal today, we had two probes @ 2692.00, after that, two textbook upsets @ 2694.00 and 2699.00. We are approaching over head resistance as we continue to test, but the trend is still technically up.
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I agree 2400 is huge. So is 2300 based on trends dating back to the 1900's. I expect to see another retest of those areas.
 
IMO an upmove with the strength we've seen is going to take more work to reverse, figure we won't get below 2630 until early March at the soonest.
 
Specterx said:
IMO an upmove with the strength we've seen is going to take more work to reverse, figure we won't get below 2630 until early March at the soonest.
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Many would have said the same thing about the strength of the down move into Christmas Eve. Anyhow, halfway back is 2527 so unless we go below there chances are trend is still up and a re-test of that 2737.75 would happen before a reversal. Then again, I'd bet there's quite a bunch of retailers still waiting for that retest of 2316.25 before they "trust this uptrend."

Ahhhh ... the internet
 
Buy1Sell2 said:
We are in an uptrend and have pulled back. This should present a strong buying opportunity today. Likely in the area we are in now.
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See... thats the problem with all these "massive signals".... and why I suspect most people lose their ass eventually.
You made this post right before Kudlow said something about China. We dropped 30 points.
Signals might work in a vacuum... but we are in dynamic times. Sure... "the trend is up".... but 30 points in one hour can wipe-out a week of gains.
To ignore the news and only look at the charts... is friggin retarded imo.
But ya'll do whatever works for you.

"Its green hammer doji setting moon 5 minute candle! Its a no doubter".
... "Oops. Larry Kudlow said something"?

Popup window:
"Your account is insufficient to maintain the proper margin".
 
vanzandt said:
See... thats the problem with all these "massive signals".... and why I suspect most people lose their ass eventually.
You made this post right before Kudlow said something about China. We dropped 30 points.
Signals might work in a vacuum... but we are in dynamic times. Sure... "the trend is up".... but 30 points in one hour can wipe-out a week of gains.
To ignore the news and only look at the charts... is friggin retarded imo.
But ya'll do whatever works for you.

"Its green hammer doji setting moon 5 minute candle! Its a no doubter".
... "Oops. Larry Kudlow said something"?

Popup window:
"Your account is insufficient to maintain the proper margin".
More...
No--the market rallied after I made the calling. Almost to the minute, my calling was accurate. Sure we dropped after that but profits would have already been taken by then.
 
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