ES Journal - 2019/2020

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wiesman02 said:
Not a good sign closing at lows of session. You think we see buying tomorrow ?
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Not good at all... We may be looking at a changing of the guard here!

We may need another push down to that 3070 level before we rip & retrace.

Game of observation .... Bullys gonna have to rip it sooner or later to prevent
damage on the big TF`s/ Time Frames.... which is critical right now!

Good Trading....
 
hafez50 said:
Hibernation .Still trading but not on the boards. I've known Vol since at least 2002. We were on here before almost anyone still around .I started trading in 1989. I have no idea what happened to all the traders from back then. Lescor or Readern . I started in the day of using e signal and rabbit ears radio frequency for quotes . I have other business's now and don't sit at my screen daily . seeing it all from iraq invading kuwait ,The evolution of the soes day trading houses, to the asian contagion ,9-11 i was sitting at my computer . 1 thing i learned in 31 yrs is respect the power of the mkt and listen to it . If you fight it your dead .
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They got smart & left ... having to constantly address the pikers like FX Boy!

I started here at ET in `06...Trading in `97.... lot`s of good traders back then with quality & substance... unlike today, unfortunately.
 
wiesman02 said:
Not a good sign closing at lows of session. You think we see buying tomorrow ?
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I think more bloodletting to come, there will come in next couple of days imo a narrow range day and after that a decider on future direction. Friday is last day of trading month, Monday will be interesting as it could either bounce or plunge. But atm I reckon mkt is not ready to bounce.
 
are you guys all selling here? i have no choice i have to sell more as previous sales become in the money to offset my natural patriotic long bias. i dont want it to go lower i dont make money from it im short vix long equities.
 
Laissez Faire said:
What we're looking at now is basically 2 days down in a row both down 3 % or more - coming off an all time high.

The last time was the 24th of August 2015 closing down 4,15 % the 2nd day. The 3rd day closed down at - 1,14 %.

Looking at that entire sequence down we actually had 6 days down in a row.

Bottom line - it's perfectly possible we continue selling further for today's session even though we're down a lot already.

View attachment 220473
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The less likely scenario actually unfolded, i.e., August 2015. If that pattern repeats itself - we should see a strong day up tomorrow.

The last time before that we had this same pattern was in October 2008. The 4th day following that was another huge day down (-6,40 %).

Playing the odds and considering how rare these events are, I'd bet on a bottom from here. However, intuitively and seeing how relentless the selling has been off these highs, you may start to wonder if there's not more downside coming and sooner than later.
 
Spooz Top 2 said:
Who the hell are you to question my credibility, new boy?
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Credibility? You're trading voodoo signals, What's credible about that? And, I'm neither "new" nor "green" so who are you to question my views?

On 23rd last I made a call warning of the sell-off, it materialized on the 25th, where is your call using your "grate wisdom" to predict the correction? There wasn't any, yet I can't question your credibility?! I study fundamentals to make real calls, you use abstract Fibonacci, it's voodoo, not skill.
Trading the Indices on Fundamentals
 
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Bull pushed higher at 3100 than at 3200
But they’re still not in control.

For every leg up there’s a wider down one.
Volatility is still on the downside.

3100 was a bottom that has not hold.
Let’s go lower towards 2975.

I won’t buy before 3060
 
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FXtrader8911 said:
Credibility? You're trading voodoo signals, What's credible about that? And, I'm neither "new" nor "green" so who are you to question my views?

On 23rd last I made a call warning of the sell-off, it materialized on the 25th, where is your call using your "grate wisdom" to predict the correction? There wasn't any, yet I can't question your credibility?! I study fundamentals to make real calls, you use abstract Fibonacci, it's voodoo, not skill.
Trading the Indices on Fundamentals
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Seriously, just GTFO already. You don't understand any terminology and take shots at people who have a clue.

YOU are the problem.
 
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