ES Journal - 2019/2020

[imjohn]

Was nodding off but checked back in just in time to catch the elevator down. Nice to see some intraday range expansion.

 

[speedo]

Was nodding off but checked back in just in time to catch the elevator down. Nice to see some intraday range expansion.

 

[Buy1Sell2]

Buy1, have you found that your style of analysis and trading translates across different products? I know you used to post trades in other commodities. I would be interested to get your thoughts on similarities or differences in those different markets.

every product because it's a human nature analysis and that does not change from market to market.

 

[Buy1Sell2]

Parabolic upmove continues at this juncture.

 

[Laissez Faire]

I think its a long term top actually. 3200? Yeah maybe, but in all honesty, we really are experiencing "bear market topping action" at this point. I am 100% convinced. For a myriad of reasons.

One of my favorite posts here was made by @comagnum several years ago. It was a very simple observation and a very simple post; one sentence actually and I'll paraphrase it. "The market will not correct until every last short is dead". Its so true.

We are in a time of incredible uncertainty. Politics at home and abroad. Its there. The thing is, we are just not being told that. And I'm not saying that's by design, its not a conspiracy thing... its just human nature.

The world's a powder keg right now... I could go on and on about a dozen different things, at home and abroad. Geopolitical, economical, social. Some day we are all going to look back and say "how did we not see this coming?" I have no idea what its going to be, but enjoy the good times while they last. There will be a 30% pullback.

For "journal integrity" I'll play the B1 game here. In short at last night's close of 3117 with a stop at 3229. Target 2670. Near term target.

We shall all know in the fullness of time.

I feel like what you're saying have been true for a very long time now. There's always uncertainty in the world and there's always something going on. There's been a multitude of reasons for this market to go down for a long time now, yet it's resilient and seemingly indifferent towards bad news. Every God damn dip is bought.

I'd love a 30 % sell off, but I think we need a trigger for that to happen, i.e., a trade deal down the drain, Trump impeached or a Black Swan (by definition unpredictable) of sorts.

For a down side target, I would not consider anything more than 2939 initially. That's 189 points or 6 % down. Seeing how little follow through we had on this leg down; not sure about that either. Just a potential target I'm eyeing.

My two cents.

Regarding that quote, I think I've heard variations of it throughout the years. I'm sure it's an old Wall Street adage. Would need some of the top pickers in this journal to go long before it's in effect perhaps.

 

[Heydrrich]

Parabolic upmove continues at this juncture.

Not sure, V bottoms are rare.

 

[Buy1Sell2]

Not sure, V bottoms are rare.

Massive upmove[[[777 notice how we closed well off the bottom.

 

[themickey]

Massive upmove[[[777 notice how we closed well off the bottom.

I don't wish to hound you B1, but your comments are extreme.
If you want to look at the big picture, aluding to 1 bar of the ES doesn't cut it.
If you look at all sectors, majority were bearish today.
Can you see a person in the pic below?

 

[Heydrrich]

Massive upmove[[[777 notice how we closed well off the bottom.

That's too soon to declare the end of this down move from the past 35 hours. Need to see a pass above 3117 before I would consider it.

 

[Overnight]

I don't wish to hound you B1, but your comments are extreme.
If you want to look at the big picture, aluding to 1 bar of the ES doesn't cut it.
If you look at all sectors, majority were bearish today.
Can you see a person in the pic below?
View attachment 213807

Oooh, I know...Julie Andrews in the opening scene of "The Sound of Music".