ES Journal - 2019/2020

[speedo]

It's comments like this that keep me coming back to the greatest financial thread on the interwebs.

It's the gift that keeps on giving.

 

[speedo]

This is the infamous crapazoid crapangle formation...diabolical stuff.

 

[speedo]

Comment usually springs it

 

[Buy1Sell2]

Afternoon brings a move back to at least the 3105 area. The drop is over.

 

[Buy1Sell2]

Is there a case to be made for looking at smaller time frames for the exits if you expected a pullback such as this one from the highs last week? You could argue that it's micromanaging the (very profitable) position you have - but (in hindsight) selling into the breakout would have netted more $ with the current opportunity to buy back today -which you believe is a good area.

Also, Does this retrace take away from the "parabolic" nature you were seeing in the breakout?

Yes, smaller frames can be looked at but the risk is to make too many decisions. I prefer Risk Management to prevent big loss when wrong. ---Parabolic move stil intact here

 

[speedo]

resistance at descending 90-13,500t

 

[speedo]

 

[speedo]

Area of support now...if it doesn't hold, the steers may have a problem

 

[themickey]

Yes, smaller frames can be looked at but the risk is to make too many decisions. I prefer Risk Management to prevent big loss when wrong. ---Parabolic move stil intact here

I'm not sure how this is possible.

 

[themickey]

We had fear all year, and now traders feel exhuberant -what with xmas rally about to come on - suuuuure thing.
I'm not so sure!
The crowd will see the next pullback as 'BTFD' and one day, maybe soon, it will bite them in the bum.
As soon as traders as a majority relax, that's the danger signal.