ES Journal - 2019/2020

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Also, the cash 200 day is currently 2630's which would match well with the 2640's basis March (roll coming) ... below the 2640's then we will likely retrace the whole 12/2018 Bull swing. Below there, just look at the ATH and divide by 2.
 
Sekiyo said:
Buyer @ 2900 +- 10
2930 looks good but ...
We might as well go 30 pts lower.
Previous low is @ 2903. Bet at least on a retrace (50 +-15Pts)

It would look like this
View attachment 221330

Then Sell 2950 to around 2700 +-75Pts :sneaky:

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Moved Entry @ 2895, TP @ 2940, SL @ 2853
@2895 Bears potential equalize with previous Bulls potential.
 
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Seaweed said:
It sounds encouraging, but I'm simply making an educated evaluation of the info presented. It makes no sense to be short at 46 when it goes instantly against you, and when you say that a break of 71 could mean a run all the way to 3114.

I did a bit of digging into the post where he mentions his stop and the reply was that his stop is "2 ATR 14 on a 5 minute".

Now I'm not too familiar with the use of ATR, but if I go with my platform, the default is actually 14, and the value for when the short was entered was roughly 11. So if we assume his stop is 2 times this, hence 22 points, it lines up well with his previous mention of a 22 point stop on the other trade.

https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1401#post-5025987

So now we can put it all together. Short entry is at 46, and 22 points higher would be 68. I can understand why if he was watching 71, he would increase his stop a bit more, watching for that clean break, but it happened, and price got all the way to 82. Would a trader be saying "well, 3114 is only another 30 points away, lets just wait???"

So if we are to believe that he was still short from 46 all the way to 82, then either he is changing his typical stop, or decided to widen it for some reason, and also disregard his prediction that a break of 71 would mean going all the way to 3114.

I don't care one bit of course since its not my trade, but if B1S2 is going to be scrutinized for his shady posting practices, it only makes sense to hold everyone to this same level of scrutiny.
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I too have seen NQ's trades in private. And Speedo's, and a few others. These guys are pretty disciplined/learned in their techniques. Professional as retail can get imo. Now me.... :rolleyes:... "a thousand on the red. Hey honey grab me another scotch on the rocks. Double please. Has that black-jack table got a seat open yet?"
 
Buy1Sell2 said:
I love these overnight pullbacks in upmarkets! Looking long today.
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The best laid floors of mice and men.


destruction-concept-metal-wrecking-ball-smashing-board-game-falling-tower-wooden-blocks-white-background-d-169127054.jpg
 
NQurious said:
At any rate, eug, you, @speedo, @SPYgrain, and Marco (can't remember his user name) saw how I do this. I can't believe after what I posted here the last two weeks that seaweed still wants to come and play the role of the failing trader who insists everyone else fail as well.
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I was in that server for a brief period of time during the summer but everyone was very quiet - is it still live? Have followed you on here for best part of a year now and would love the chance to do so in Discord if that is an option, I understand if not!
 
vanzandt said:
I too have seen NQ's trades in private. And Speedo's, and a few others. These guys are pretty disciplined/learned in their techniques. Professional as retail can get imo. Now me.... :rolleyes:... "a thousand on the red. Hey honey grab me another scotch on the rocks. Double please. Has that black-jack table got a seat open yet?"
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Was the private free ?
 
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