ES Journal - 2019/2020

[themickey]

These overnight pullbacks are great! Market healthy and this presents buying opportunity after buying opportunity.

I think these words will come back to haunt you.

 

[hhiusa]

Long 2805.50

I am just curious. You are purchasing these then, the ES MAR 20 '20 or did you buy a longer expiry? Why not trade the S&P futures or futures options?

screenshot taken at 1:03:00 AM EST

 

[vanzandt]

Another 8 pages to read... I'll open new tabs and reply in one post here.

A minute later.....

The key is to be clueless and keep talking.

It is the #1 thread on the ww-intrawebs....

Make no mistake .... there is no doubt about it!

Did it work out? I guess I'll see.

Market support is at 2700. We'll be heading upwards to close the gap at 3330 soon.

2690 to be exact..... like I said 3 months ago.
So why didn't you point out 2700 when we were at 3350ish.... (?)
Whatever.
Anyway, hows the swing shaping up for this summer? Breaking 80 is easier said than done isn't it lol? Concentrate on the short game B1. 175 in. Don't mess up your back on the driving range. If I've told you once.... being accurate with a six iron (and above)... and being a good putter.... is far more deadly than a long drive. Ahhhh.... you never listen. Just take care of your back.

View attachment 221626

Did my color fonts die on me?

Been only using two monitors but will add.

Just get the B&W ones.

This thing would have to get below 2700 and stay below for there to be any bear market.

Standing by for the "alert alert alert."

Must be minting millionaire traders this year.

That's my guess.

Lol they spin it like no one else can ...

View attachment 221638

Up 100 points?! OMG!

My trades are simply a variation of the trend pullback. It's called the 930 after my late friend Mike Bruns who named it. The 9 refers to a 9ema and the 30 is a wma. For a short, thee must be a close or at least half bar above the 9 without the ma's crossing. If they do cross, I first look to see if it is setting up on the higher tf (I use 1500, 4500 and 13,500 tick charts for the ES but will adjust from time to time). If BOTH the MA's cross on the 15 and 45 AND the 13.5 sto is headed up, I look for a setup in the other direction.

Most entries are on the 15 and there are filters such as price must come in contact with 9 ema on the next higher tf and if I get a divergence on the next higher tf, I wait for the second entry. However in a really strong trend, I ignore divergences. Sideways PA as evidenced by overlapping bars and intertwining MA's require waiting for price to start moving again. Stop goes over/under entry pivot and either taegets based on average MFE or a trailing stop be used....or measured move targets etc

View attachment 221650

This one gets a like because....
.....
......
it just does.

Staying long here----.

Go figure. It did work out though.. I'm sure the next page will have a bingo bango bongo post. (I'm on page 1469)

Thank you very much for your kind help!

"speedo, post: 5032303, member: 16863"]

Thank you again.

A "like" for good manners. An ET original.

What's all this bear market talk ?


This is just a correction like the other ones we have had.

Yep

It is a zero risk free market with free $$$. What is there to be afraid of? AHAHHHH!HAHHAH! HA!

Quit picking on Rigshaw. Trump is wearing off on you. Bully.

Haha. One thing i have learned before was not to fight the Fed. Uncle Sam is going all in to save the economy. Once this CV thing blows off in a couple months, assuming people use damn common sense, it will be V sharp recovery. People are going to do revenge spending.

Hmmm.... a serious post.
Maybe., you might be right.

I think these words will come back to haunt you.
View attachment 221693

As if he cares.

________________________________________

Ok. I'm done.
No opinion at the moment....
Although my 2690 call should be archived.
Not!

 

[tenny1886]

L 2780.00 good for another 30-50 points ??

 

[tenny1886]

L 2780.00 good for another 30-50 points ??

or @2756.00 for 100+ points ??

 

[themickey]

The ASX is now in a bear market after falling below 5730 points today.
A bear market is defined as a 20 per cent decline in the market.

 

[Laissez Faire]

CV is going to die down once the weather warms up and will be a non event once the market realizes it has overreacted.

Yes, it's the way of the market to overreact, but are you watching news outside of the US?

I also shrugged my shoulders to CV when the news first started circulating and we only heard of China, but it has since spread worlwide with serious consequences. Italy is literally shut down at the moment and the capacity at their hospitals is already maxed out.

Even in my native home country in Northern Europe we are seeing a huge amount of public events being cancelled - even things that have been arranged for 100 years straight. Most, if not all business trips are being cancelled. Many companies now have their employees on home-office only. Airlines have massive lay-offs and one of the airlines here in Norway may very well go bankrupt. I was just on holiday outside my country and lived in a nearly empty hotel because of all the cancellations.

To say it's a non-event is simply inaccurate. And it can get a lot worse than this still.

 

[FriskyCat]

Yes, it's the way of the market to overreact, but are you watching news outside of the US?

I also shrugged my shoulders to CV when the news first started circulating and we only heard of China, but it has since spread worlwide with serious consequences. Italy is literally shut down at the moment and the capacity at their hospitals is already maxed out.

Even in my native home country in Northern Europe we are seeing a huge amount of public events being cancelled - even things that have been arranged for 100 years straight. Most, if not all business trips are being cancelled. Many companies now have their employees on home-office only. Airlines have massive lay-offs and one of the airlines here in Norway may very well go bankrupt. I was just on holiday outside my country and lived in a nearly empty hotel because of all the cancellations.

To say it's a non-event is simply inaccurate. And it can get a lot worse than this still.

Similar sentiments here. My first reaction was to disregard CV, but then I began to notice that sectors of the market began imploding left and right. The bigger problem is that this struck just following a monumental blow off move with tons of equities severely extended and now you have the energy sector on life support (not to mention how the moves in bonds, equities, energies are margin call-ing tons of accounts).

It sort of reminds me of when people say "if the market dropped 30-40-50% (pick your number), I'd mortgage everything to buy it", but not realizing that when it hits those levels, you're dealing with debt defaults, margin calls, recessionary forces that limit the amount of buying force behind you.

 

[trading_jean]

L 2780.00 good for another 30-50 points ??

This was a great call. I fail to see what it was based on, care to explain?

 

[NQurious]

To say it's a non-event is simply inaccurate. And it can get a lot worse than this still.

Unfortunately this has occurred in an election year in the US when the commander in chief looks at every thing as a personal affront and both sides are willing to politicize and weaponize ad nauseum.

Also, Fed repo activity since September has pointed to a potential solvency problem in the banking system. CV-19 is the proverbial $hit hitting the fan.

Nasem Taleb said a few days ago that the solution is scientifically easy but politically impossible until necessary: The whole country needs to limit our contact with one another for 20 days. Sounds like Italy and Chine came to that realization and had the wherewithal to do it. Doubtful such an order comes about here anytime soon, especially with March Madness right around the corner.