ES Journal - 2019/2020

[theapprentice]

I'm thinking measured move back to the 3040's low

Yeah, I was initially looking for the measured move, but to the upside
View attachment 221072

 

[Buy1Sell2]

A massive massive move is in the offing within 3 hours. Up or down? I will stay long

 

[speedo]

That was quick I'm short 3103.50 but you can mark me here at 87.50 for journal integrity purposes

EDIT: Looking to limit out at 3046.75 and stop out above 3112.

 

[tenny1886]

L 52.00 target ne whigh, stop loss 48.00

stopped. on side lines

 

[NQurious]

That was too difficult now, was it?

I'm thinking measured move back to the 3040's low

That was quick I'm short 3103.50 but you can mark me here at 87.50 for journal integrity purposes

EDIT: Looking to limit out at 3046.75 and stop out above 3112.

 

[speedo]

Looking at this set-up you'd think it were off of a daily chart - a measured move with a 60 leg? And it isn't even noon! We're still in the AM session lol

 

[tenny1886]

A massive massive move is in the offing within 3 hours. Up or down? I will stay long

yes but stop loss needs to be very generous unless you can time the levels,for me on sidelines for now, cant have more than 8 points stop loss, the moves are not suited for me at the moment.

 

[NQurious]

Not for nothing but I just did the math and I am up over $4K/contract traded today.

God Bless America!
fvck Trump

 

[NQurious]

Yeah, I was initially looking for the measured move, but to the upside

My rule of thumb is that once a swing is retraced by more than 61.8% the impulse is dead and I won't use it for a measuring tool. Then, on the rebound, price rallied retracing 61.8% of the decline and then sold off. That tells me that the new impulse is down and new measuring move is the swing down.

Works for me.

 

[Laissez Faire]

I had 3015 in mind for the LOD today prior to the Open. Still think we can see a sideways pattern for the next hour or two before making a push down there.

Should be good for that as long as we stay below (or not much above) 3110.

Yeah. Nailed it.

I think we should be finding a bottom in that area for today or even already here at 3023,50. On the other hand - the selling is pretty relentless today and we're ahead timewise, so who knows where they take it by EOD.

I'm overall bearish for the medium-term, so I think we have more downside still on the daily chart. It's just possible that the pace of last week will slow down and that we'll do it at a bit slower rate from here.