ES Journal - 2019/2020

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NQurious said:
I know, right? Some days the market just says "take my money, please. Want more? Here you go!"

For years it seemed like we'd get a day like this almost once a week - more trend up than down, but still easy money. Now, not so much.
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Yep, been a lot of fighting alligators for a buck lately but last several days is what we live for.
 
wave said:
It could turn on a dime right here with little risk.
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If I had a dime for every time I've heard that ...

You're thinking risk in terms of flat $$ amount rather than figuring in the probability component. That "little" risk is far higher than you think when you factor in the probability of this "turning on a dime right here."
 
Fri saw something that hasn't been seen for a while... US markets down over 1% in a session and now 2% off their highs. They are approaching levels that entering longs needs to be considered. My view is that further lows will be seen but some smalls long positions around current levels (DOW support 28,840) might be warranted. EU did not participate in the sell-off but France just announced 2 confirmed cases of the snake flue so expect a gap down on Monday.
 
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FXtrader8911 said:
My view is that further lows will be seen
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A bit of a tug-a-war between the Perma bulls and the realists going on here, Supports have held but I think the realists will eventually win and new lows will be seen. Market's persistence resilience in the face of no good news is getting ridiculous.
 
FXtrader8911 said:
A bit of a tug-a-war between the Perma bulls and the realists going on here, Supports have held but I think the realists will eventually win and new lows will be seen. Market's persistence resilience in the face of no good news is getting ridiculous.
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People lie but charts don't. You can take comfort in the fact that we're now back below 3300.
 
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