ES Journal - 2019/2020

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DevBru said:
I am not saying you need to be bearish, i am saying you need to be cautious when news like this is coming out and you are long. Which doesn't mean long is wrong ... It just means it is nothing but a guess right now, nothing but 50/50 since PA doesn't matter it Trump says he doesn't want to make a deal with China. (Which probably isn't going to happen, since Trump only wants the markets to go up).
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for me ideal is 02.00 and 01.00 if wrong my sl would be a point or two below.
 
normally i would have jumped at 6.00 but i have one PA condition that needs to be fulfilled and that is price needs to visit 02.00-01.00 region, so FOMO sometimes gives you green but i rather stick to my trading plan and calculations.
 
tenny1886 said:
normally i would have jumped at 6.00 but i have one PA condition that needs to be fulfilled and that is price needs to visit 02.00-01.00 region, so FOMO sometimes gives you green but i rather stick to my trading plan and calculations.
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You are long but you want price to go down to 3002-3001?
 
DevBru said:
I don't expect to much of a move for now until there is more clarity about the China deal happening or not.
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A deal is on, then the deal is off....and then on and then off....and so on and so forth. All while we are flirting with ALL TIME HIGHS.
This is getting so crazy....no ?
 
syswizard said:
A deal is on, then the deal is off....and then on and then off....and so on and so forth. All while we are flirting with ALL TIME HIGHS.
This is getting so crazy....no ?
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Also consider that market expectations are for the Fed to cut rates (which they almost certainly will) despite ultra-loose financial conditions, stocks at ATHs, and core CPI now running at 2.4%. Crazy world we live in, but at least it's all baking in more volatility down the road.
 
After getting this high expect ES to make a new all time high before month end, which is also the end of Q3...In a normal FREE market the FOMC would be raising rates.....

But no matter what anyone says, our current markets are captive and micro managed. Powell is terrified of bully Trump...Today's inflation numbers would in a normal market support raising rates.


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DevBru said:
imp?
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from RTH open draw a price line @12.25 an imp level, another @16.75 ( imp level as i had it on my profit target, one of the two questions was will price be restricted at 16.75 or break recent high @20.50)
see what price is doing? form a bias, if u hear news jump in.
 
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