ES Journal - 2019/2020

[NQurious]

Whether pullback or not, NQ targets 7298 and 7353

7298 trades ... 7353 next target ... I continue to maintain bull market status ... olé!

 

[vanzandt]

Short 2819.00 Initial stop 2892.00

2819?
Which one are you using?
Edit: must be June.

 

[NQurious]

It kind of makes you ask yourself why isn't the obvious so obvious, you know?

 

[fordewind]

73 points stop?shiiiiit...

 

[speedo]

It kind of makes you ask yourself why isn't the obvious so obvious, you know?

"Who ya gonna believe, me or your lyin' eyes?"....Richard Pryor

 

[NQurious]

Just imagine how many retail traders shorted the retest of last week's high and now will simply be happy to cover at break even.

Always in long, with no pullbacks to support anywhere. The first pullback is likely to be bought, not broke, imo

 

[vanzandt]

Just imagine how many retail traders shorted the retest of last week's high and now will simply be happy to cover at break even.

Exactly.
Like I said:

With the benefit of using 4 months of hindsight, the psychologically easiest trade here at 2795 is to go short. Very hard to open a substantial long position here.
One thing I've learned through the years.... the hardest trade to make psychologically almost always turns out to be the winning trade.
Up we go.
2850 on the way.

 

[volente_00]

Got stopped on my short

Shorted again 2811.75
Stop 2822

Shorted March 280 SPY calls at 1.43
And march 281 calls avg .82

Stopped


Reshorted 2823.5

Sold more 280 calls at 2.28
Sold more 281 calls at 1.52

 

[volente_00]

Vanzandt great call on 2825

 

[NQurious]

NQ 14.25 would be a measured move target from the last pullback premkt to the 10 AM high ... 2 ticks short which isn't unusual. A pull back now through the lunch hour and then a rally to 7350 for the close?

Then again, this market seems to have forgotten how to pull back during RTH lol