ES Journal - 2019/2020

[imjohn]

Were you trading in 2017 or other low volatility periods?

It'd be wise to remember that we've had longer periods in the past where the average daily RTH range was at 10,00 points.

I think ES is still excellent day trading wise.

If I recall correctly (not at my trading computer now), yesterday had an RTH range of 17,50 points and 3 major swings of at least 10 points. Down, Up, Down. Approximately, there must have been at least 45 points on offer just off the major swings.

Should be enough to keep most traders happy.

Yes. 2017 sucked

Yep, Tuesday was 17.5, but outside of opening hour it was pretty much consolidation from 1030-1530. I posted "great day to do something esle" during that period as it was 75 degrees and sunny outside at my current location

 

[Rickshaw Man]

A 5th grader could do what the FOMC does....Print money, and look down your glasses at others to look smart.

 

[Buy1Sell2]

Day/Swing trade long 3127.75 Initial stop 3098.00

Exit at 3159.25 for gain of 31.5 pts.

 

[Buy1Sell2]

Long 2996.00 Initial stop 2922.00

Exit at 3159.25 for gain of 163.25 pts --and roll into March long at 3159.25 initial stop 3042.00 (stop stays the same from Dec trade)

 

[Buy1Sell2]

3160 will be touched by or on Tuesday.

3 days early I was and wrong (pricing is now 3167 on Fri)

 

[speedo]

Exit at 3159.25 for gain of 163.25 pts --and roll into March at 3159.25 initial stop 3042.00 (stop stays the same from Dec trade)

 

[Buy1Sell2]

New short term floor is being attempted here. The number would be 3150 for the floor.

 

[Laissez Faire]

Euphoria!

38,75 points / + 1,14 % in 40 minutes.

It won't last forever, but currently 'this' is where we're at.

 

[Laissez Faire]

Year to date we're up 24,21 % on a closing basis (Monday 2nd December). If we look at the highest pricing, 3154,26 (Wednesday 27th November), we're up 25,83 % on the year.

If we are to match 2013 - we'd need to see 3250 by year end, i.e., a 100 more points.

Any chance that will happen?

Seems like a stretch to me, but who knows. It's certainly a scenario which can materalize.

With today's intraday high at 3176,28 - SPX is up 26,70 % on the year.

Certainly it seems like 3200 is in the cards by year end.

Without looking up my 'stuff' right now - the weekly prediction made for this week (bullish) suggested continued upside in the week after as well.

As @Buy1Sell2 would say: "Staying long here."

 

[syswizard]

My only question is : What happens when the tariff mania is over ?