ES Journal - 2019/2020

[vanzandt]

I disconnected from the markets at EOD. Is it going up some more?

Naaa.... its flatter than Rachel Maddow on the Keto diet.

 

[Overnight]

Naaa.... its flatter than Rachel Maddow on the Keto diet.

I think I see what you mean.

 

[Buy1Sell2]

I hope not too ... he called the massive move we've seen since Tuesday but unfortunately it has moved against him quite a ways.

@Buy1Sell2 did you or would you consider covering your short and trying to get price improvement as this rally has progressed against you?

Not at the moment--I have my stop in and the overall position will be profitable if stopped.

 

[Laissez Faire]

You are focused on the gap above


But ignore the gap below at 2745


Regardless of what happens My analysis still says SPX will make another lower high between now and Friday And then we revert back down

Nothing is ignored, nor am I saying we won't trade lower on the daily.

I'm merely observing that your stop is at a key technical level which is likely to get hit on this leg up. If you want to use a 30 point stop, you might as well use a 40 point stop on this one.

 

[volente_00]

Shorted 2827.25 and 2827.5
Stop 2858


Objective 1 is 2779

Added 10x size 2856.5

Stop 2900


Objective is 2800 and 2745

Will roll over to next contract if needed

Will also be selling more SPY June calls

 

[NQurious]

Price is truth. She will not lie to you. You may be the type who thinks she lies, because you only hear what you want to hear. But price is truth. She is also a lady, so at times she will surprise. But she is fair, and she will give you clues that she is about to surprise so that you may be spared the pain of needless loss. If you do get hurt, it is your own damn fault for believing in your truth rather than hers. For price is the truth.

But hey, anything can happen, so good luck to y'all!

 

[Rickshaw Man]

Markets will cheer this weak jobs report.....why...because the FOMC will lower rates. Bad news is good news. Just wait and listen. Every media outlet will spin this.

 

[NQurious]

Shorted 2827.25 and 2827.5
Stop 2858


Objective 1 is 2779

Added 10x size 2856.5
Stop 2900
Objective is 2800 and 2745
Will roll over to next contract if needed

Will also be selling more SPY June calls

I didn't want to say anymore about your short but this almost seems like you are trolling us lol ... you 10x'd your short heading into the monthly NFP number? And instead of hedging a position already 15 to 20 points under water position by buying SPY calls you're going to be selling them? There is nothing about this that seems right. You can't even argue this is a "scale in" entry. This is a hail Mary post.

I can't imagine B1 would approve of adding to an already losing position. Especially "10X"ing it. I would hope this isn't how most ET'ers trade.

But good luck with it!

 

[NQurious]

Markets will cheer this weak jobs report.....why...because the FOMC will lower rates. Bad news is good news. Just wait and listen. Every media outlet will spin this.

Technically, the bullish scenario (in my opinion) would be a sell off after the number into the RTH open that is reversed with yet another high close.

 

[Rickshaw Man]

Yep the tide has turned, all it took was the FOMC telling the markets, we will use QE like never before. Now bad news is good news. The down turn is over. Go long make free money.