ES Journal - 2019/2020

[schizo]

Wouldn't worry too much about it though and even if the market should be manipulated this or that direction - better go with the flow, right?

You're absolutely right, it doesn't matter. BTW I do go long.

 

[Buy1Sell2]

Noob question: The pop we had after the close, was that news-related or just another manipulation? (Rhetorical question of course )

I want to make sure I understand---You're inquiring about a 3 pt bump????

 

[Buy1Sell2]

You're absolutely right

Thanks

 

[schizo]

I want to make sure I understand---You're inquiring about a 3 pt bump????

First, let's skip the semantics. Who cares if it's called "pop", "bump", or "push"--let alone "pullback" or "selloff"?

It's only a 3-point bump, so no big deal. But then, it took all afternoon to drop that much. I wouldn't mind had they pushed the price up before the close. But to see it pop right after the close is like...whatever.

I'm holding 5 lot short, if you're interested in knowing.

 

[Buy1Sell2]

First, let's skip the semantics. Who cares if it's called "pop", "bump", or "push"--let alone "pullback" or "selloff"?

It's only a 3-point bump, so no big deal. But then, it took all afternoon to drop that much. I wouldn't mind had they pushed the price up before the close. But to see it pop right after the close is like...whatever.

I'm holding 5 lot short, if you're interested in knowing.

Staying long here. This is a huge bull market with no end in sight.

 

[Laissez Faire]

Staying long here. This is a huge bull market with no end in sight.

Ever flamboyant with grand words, B1.

It's been a bull market for a while now, though, so you're a little late to acknowledge it. Better late than never, I guess.

 

[Builder17]

Staying long here. This is a huge bull market with no end in sight.

You once talked about phases of trading, could you describe those again?

 

[Overnight]

You once talked about phases of trading, could you describe those again?

Don't let his beguiling charms fool you. He's a perma' bear. He still hasn't closed out his shorts.

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1228#post-4953486

 

[syswizard]

I want to make sure I understand---You're inquiring about a 3 pt bump????

Correction: it was a 5 pt move.....3083 @ 3:55 pm to 3088 @ 4:15 pm. AH session now taking it back down again.

 

[FXtrader8911]

I just illustrated that making new ATHs does not by default mean a pullback is due

Even in 2017 the symmetry did show that after a high and then a pull-back, the next rise lasted for 1,000ish point before the next pull-back at the high. The symmetrical pattern still applied though to minimal to be worth a play.