ES Journal - 2019/2020

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tenny1886 said:
if you consider PA and TA reading skills equivalent to reading time from a broken clock then i guess, we should end the discussion. As you see value in news, for me i don't and vice versa in regards to PA and TA. so as i said if you are making money with news, then good for you. Don't forget to send me a million when u get your billions from reading news. he he
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You yourself said PA could predict news moves even before the news came out, well then prove it. Also, i never said anything about "reading" PA/FA/...

Anyway, to put it in your own words:

if you consider FA reading skills equivalent to reading time from a broken clock then i guess, we should end the discussion.

You really are missing the point, we have been here before with the same outcome. So yeah, i will end it here again since this is just a waste of time.

Maybe you can ask Professor Sybill Trelawney for help regarding your trading career. I have a feeling you will need it.
 
DevBru said:
You really have no idea how the markets work these day's now, do you?
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There are bots and there are insiders. Moves on tweets are easy to spot, the other 2 you won't see comming and might never know the cause. TA will always reflect the move whether its on a tweet, insider knowledge or bots feeding on themselves, but TA is not a crystal ball so to claim that TA will predict the move before the event is nonsense... just because there might be a time delay between the event and when it becomes public, you can't say that TA predicted the event before it happened... insiders know before you and the bots react instantly & magnify the move, TA will show the move but the news is alwats there beferehand whether you get to hear it or not.
 
vanzandt said:
I looked at it pretty hard after you pointed it out. I know everybody's bearish, and I assume you meant an IR to the downside, but don't we need a gap down to about 2840 first to start looking at that or... are you thinking an island reversal to the upside? Because that's kinda what it looks like now that you've brought it up. As crazy as that sounds.
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That IR can actually go either way. And you are correct 2940 is an important tell. That also happens to be the target I am looking for...but as a scalper I will play the RTH in the direction the day is taking me. I will say this. The fact that we recovered today without making a move toward that target, and populating a 4th candle which is unusual in an IR makes me glad I am nimble and not holding any overnight positions.

Like for your contributions VZ.
 
Guys - I'll be posting here more often as I recently left the ElliotwaveTrader forums.: https://www.elliottwavetrader.net
I learned a lot from that site, but bottomline, the forecasting time-frame was not conducive to mine.
They would sometimes go out 12-18 months with their forecasts. On top of that, there were some wildly
wrong forecasts made. Many of the analysts on that site were super analytical and academic.
The charts they produced were like works of art....and extremely complex with 3 levels of fibonacci projections....making analysis nearly impossible.
 
vanzandt said:
"Bear market conditions" over there too?:banghead:
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Vanz, why can't you accept the fact that the bear market on the major three indices started the moment they were created? I just CANNOT understand how you do not have the vision of the bears on this forum, who seem to KNOW, with prescience, that these markets will all tank to a negative number.

WE know that is impossible. But the bear market gurus know, somehow, that it is inevitable.
 
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