ES Journal - 2019/2020

[NQurious]

Small range day once again..... "Doji Days". Hopefully, they won't be with us all summer long.

Yeah ... how can anyone make money out of a 20 point range

 

[Buy1Sell2]

Yeah ... how can anyone make money out of a 20 point range

can't make money with 100 contracts and a 3 point profit target?

 

[NQurious]

can't make money with 100 contracts and a 3 point profit target?

Sure you can ... I was being sarcastic. Sysdullard was bemoaning today's "small range" ... looked like a pretty tradable range to me.

 

[speedo]

Yeah ... how can anyone make money out of a 20 point range

 

[boyd cross]

there going run this back up..

buying 17.25

4 pt stop

 

[boyd cross]

initial trgt 2930

 

[speedo]

Yep, no opportunities today...not at the initial resistance at the descending 90, nor any of the lower high entries. Trading is tough if you don't know what you're doing.

 

[speedo]

 

[maximumpossiblesuffering]

Small range day once again..... "Doji Days". Hopefully, they won't be with us all summer long.

The term structure of options on most financial futures contracts are implying there will be major movement next week. Xi and Trump meet on Saturday at the G-20 meeting. Trade deal or not, I see myself getting involved on the short side in equities early next week.

 

[NQurious]

Looks like we get another push lower between today and tomorrow. $SPX would gather the most fuel for the next leg up by closing on it's low again today, making a lower low tomorrow ... the closer to 2880 the better, and then reversing up to close tomorrow above today's close. That is all me thinking out loud though. The most certain bear case is, imo, simply another push lower today ... and quite possibly not get much below 2909, and then the reversal. But a close at/near/below yesterday's close would be the set up for an end of week buy signal, imo.