ES Journal - 2019/2020

[dangkevin]

they are not letting the price go down, maybe later in AH , It is a big maybe, Price should have plunged but something is holding the price otherwise we should have seen 2888.00 after the breather. Any positive news coming out ??

FOMC meeting this month so that might be the only thing holding up this market.

 

[syswizard]

FOMC meeting this month so that might be the only thing holding up this market.

Amazing we are only down 1% given the PMI news and the trade war situation that is never ending.

 

[vanzandt]

I'll notify when my bias turns upwards.

We'll be here waiting with baited breath B1.

 

[syswizard]

We'll be here waiting with baited breath B1.

2:30 pm was the long move. It's obvious now.....LOL !

 

[vanzandt]

2:30 pm was the long move. It's obvious now.....LOL !

 

[vanzandt]

Looking good here on the short side. Very happy with this move and it's consistent with my bear market call. .

B1, you are either the greatest trader in the world with the greatest system/edge and you are trolling the F out of us... or you are the most unlucky man on the face of the earth.

How you can time after time consistently make the wrong call exactly a few minutes before a large reversal is beyond me.

Don't ever change Izzy.

 

[Utah]

Where is everybody today? I stop by for a visit, and the room clears out?

 

[Rickshaw Man]

I think Trump may make up another lie this Friday if the jobs numbers are weak. Something like, Powell called we had a great conversation, so great ...well I can't say whats next but your gonna like it.

 

[FXtrader8911]

I think Trump may make up another lie this Friday if the jobs numbers are weak. Something like, Powell called we had a great conversation, so great ...well I can't say whats next but your gonna like it.

I often wonder how hard would it be for the administration, the Fed and the Treasury to meet once a month and try to coordinate actions so that the action of one does not cancel the action of the other? Surely the common goal is to boost the economy. Something like this... The boss (Trump) "tariffs will increase", The other two: "lets do this and that so as to minimize the impact"

 

[syswizard]

I often wonder how hard would it be for the administration, the Fed and the Treasury to meet once a month and try to coordinate actions so that the action of one does not cancel the action of the other?

The Fed is an independent entity whose mandate is to insure a stable monetary system which means a balanced supply and demand for money as well as control over inflation. They are NOT mandated with preventing recessions or depressions. The Fed Chairman is not a cabinet-level position.