ES Journal - 2019/2020

[NQurious]

Was thinking of buying ES at the open of US RTH if we get a large gap down from Friday’s close

If this is the bottom, then tomorrow RTH we might be looking at a gap up from Friday's close.

 

[Overnight]

Was thinking of buying ES at the open of US RTH if we get a large gap down from Friday’s close with a five point stop. Tentative target of 30 points.

If Trump decides he wants to be more about getting things done rather than maximizing potential political gains, he could allow the Chinese to save face. Based on recent rhetoric out of China, it seems like they are ready to do a deal if Trump doesn’t rub their nose in it.

Trump is gonna' have a dry orgasm tonight, get mad about it, and blame China. Take it down.

(Sorry mods, a bit out of place here. I know. :-( )

 

[NQurious]

Take it down.

Really looks like some sort of low is in place at that 32.25 ... but, anything can happen. I'd be more confidant if malebondage were to come by and tell us that he finally closed his longs Friday and he was now building a short position at Friday's low - now that would be a buy signal for sure.

 

[maximumpossiblesuffering]

If this is the bottom, then tomorrow RTH we might be looking at a gap up from Friday's close.

I’m happy to wait for Asia and Europe to get through their trading sessions. If I miss a bottom, it wouldn’t be the first time.

 

[NQurious]

I’m happy to wait for Asia and Europe to get through their trading days. If I miss a bottom, it wouldn’t be the first time.

yes, the timing of this set up sucks from a confidence stand point. I'd love for this to waffle around down here all night long and then wait until RTH to make its move. But the market has not been terribly kind to US day traders for much of the past few months.

 

[Overnight]

yes, the timing of this set up sucks from a confidence stand point. I'd love for this to waffle around down here all night long and then wait until RTH to make its move. But the market has not been terribly kind to US day traders for much of the past few months.

You mean the past month. Remember remember the 5th of (May). Doesn't have the same cadence. Sorry about that.

 

[maximumpossiblesuffering]

yes, the timing of this set up sucks from a confidence stand point. I'd love for this to waffle around down here all night long and then wait until RTH to make its move. But the market has not been terribly kind to US day traders for much of the past few months.

Two additional thoughts: India is likely going to some something to say about Trump over tariffs and traders are not likely to all of a sudden to have great confidence on the long side before US RTH. I prefer to see a little bit of capitulation before fighting a trend that has solid fundamental underpinnings.

 

[NQurious]

I prefer to see a little bit of capitulation before fighting a trend that has solid fundamental underpinnings.

I won't argue fundamentals with you as I remain blissfully ignorant of most of them. I'm just saying that as a technical kind of price trader this looks like an attempt to "capitulate" right here and now. Timing does suck, however.

 

[Buy1Sell2]

The interesting action should come around 2720. Could get a bounce there. --Staying short---

 

[maximumpossiblesuffering]

Aw hell, I bought 1 MES @ 2737.75 on a little life in correlated assets. Stop 2732.25. Target 2760.00

Edit: Let the pain begin!