ES Journal - 2019/2020

mm2mm · Aug 28, 2019

tenny1886 said:
this is against conventional trading, All are heavily short signals but PA is indicating Long. lets see what works for now.

why so late or are you gonna hold it?

tenny1886 · Aug 28, 2019

mm2mm said:
why so late or are you gonna hold it?

it does make sense now. but i don't hold so will have to exit.

tenny1886 · Aug 28, 2019

exit 89.00 think thats it for my play.it never shot up as i imagined, but after 11:00 it was a tough range, so i understand normally would have been quite handsome reward.

tenny1886 · Aug 28, 2019

we went too high up, after 81.00 it was really confusing for me, after hours i think we should move down to correct the movement. But not holding biases.

syswizard · Aug 28, 2019

tenny1886 said:
we went too high up, after 81.00 it was really confusing for me, after hours i think we should move down to correct the movement. But not holding biases.

Indeed - the run-up prior to the close was all ALGOS. 4:30 pm open has been straight down......LOL. So the late afternoon move up was all "fake". More Chicago shenanigans.

Overnight · Aug 28, 2019

bbpp said:
This does not look like a bear market pattern. It went pretty weak before hours and at the open, then suddenly it turned strong upside. This is either a bull market pattern, or there is some news supporting it. Maybe some good news is brewing but we don't know yet.

I don't know if I should short it. Nor I don't dare to go long.

Sometime between now and Sunday, will be the headline that the first bit of tariffs will be going into effect on Sept. 1st. Assuming Trump doesn't walk-it back and delay it, the markets will drop most likely on that headline.

syswizard · Aug 28, 2019

Brutal trading day......small range natch. I got lucky with 2 big winners. Horrible win percentage due to the whipsaw.

syswizard · Aug 28, 2019

syswizard · Aug 28, 2019

Many trades against the trend or trades that got whipsawed.
Too much churning as a result.

syswizard · Aug 28, 2019

Overnight said:
Assuming Trump doesn't walk-it back and delay it, the markets will drop most likely on that headline.

Bad assumption. Trump is all over the place with a trade deal. He doesn't want the market to drop. That will kill consumer sentiment and bury his chances for re-election.