ES Journal - 2019/2020

speedo · Apr 10, 2019

NQurious said:
Ok, peoples ... FOMC minutes at 2 PM Eatsern ... so here is your 7.5 point range to play with until then ... enjoy your range ... we may allow the range to expand by as much as 3 ticks on either side, but otherwise stop your begging or move to Europe.

View attachment 200480

I have no idea, of course, but it seems as plausible a conjecture (or more so) than the massive signals I've seen around here.

NQurious · Apr 10, 2019

mbondy said:
This is just minutes, not an interest rate meeting.

Have you not seen the market stuck in a range prior to the minutes release? I have. Not expecting explosives afterwards, and I will not fight an early trend if it is gifted to us, but I do not have great expectations for the AM either. As always, I shall trade what I see.

speedo · Apr 10, 2019

Buy1Sell2 said:
Spot on. Yesterday indeed was a massive downtrend day. I expect continuation of that and thus remain short.

You missed your calling. You need to work as a spin doctor in politics. It's not necessary to fool the smart people, just the great unwashed.

Buy1Sell2 · Apr 10, 2019

speedo said:
You missed your calling.

Cash closed down more than 17 points yesterday. Most folks didn't even notice.

Buy1Sell2 · Apr 10, 2019

Buy1Sell2 said:
Cash closed down more than 17 points yesterday. Most folks didn't even notice.

The outraday sell signal remains intact and is working it's way lower.

Buy1Sell2 · Apr 10, 2019

I fully expect a downmove shortly from yesterday and then a continuation on to fill cash gaps down the line in the fullness of time. I remain short hier.

speedo · Apr 10, 2019

See Vanzandt? This is what I meant by "Conviction in a trade".

mbondy · Apr 10, 2019

Buy1Sell2 said:
Spot on. Yesterday indeed was a massive downtrend day. I expect continuation of that and thus remain short.

Okay, now you're just trolling.

Cash closed down 0.6% yesterday... and yeah, no one noticed because it's irrelevant. We're steps from all time highs and that's where this market is headed.

Buy1Sell2 · Apr 10, 2019

mbondy said:
Cash closed down 0.6% yesterday... and yeah, no one noticed because it's irrelevant. We're steps from all time highs and that's where this market is headed.

Reminder ----"massive", in my view, has nothing to do with the size of a move---rather it has to do with how strongly I believe that the market will move a particular direction.----and the downward signal looks massive to me.

vanzandt · Apr 10, 2019

Buy1Sell2 said:
Cash closed down more than 17 points yesterday. Most folks didn't even notice.

Yeah, and it closed up 19 points on Friday.
Flat Monday.
Down Yesterday.
Now its in the middle.
We're f'ing range-bound.
There is no "massive" sell-off coming dude.
Trade the chop with your proprietary indicators long/short and be happy with 5 points/day.

speedo said:
You missed your calling. You need to work as a spin doctor in politics. .

Or a stand-up comedian on Wall Street.

speedo said:
See Vanzandt? This is what I meant by "Conviction in a trade".

There's a big difference between conviction and just being flat-out stubborn and pig-headed.