ES Journal - 2019/2020

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Noone123 said:
The intraday low was 50 pts away from your target. That's pretty close. It's hard to be exact.
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50 Handles away from a noted call to kiss and tag 2635- 2650 isn`t accurate...... not even close... It was a bullshit bottom... we`re not done yet!

2700 wasn`t intra day during RTH... It was Globex... 2619 is second objective.
 
Spooz Top 2 said:
As I was saying, short lived bounce ... we`re not finished yet! ... Patiently awaiting downside objective @ 2635-2650 range to be hit!!
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And then...?

2650 down is 21,92 % down from top to bottom.

I imagine there's a good chance selling can accelerate further once 20 % down is breached, unless the PPT or Dozu's pro boys step in.
 
FriskyCat said:
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.
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That is because it goes against human nature of fight or flight when all hell breaks out and it takes balls of steel to be a contrarian and fade retail at tops and bottoms but that is exactly what professionals do.
 
vanzandt said:
This one gets a like because....
.....
......
it just does.
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There is so much value in that one post and most folks are going to gloss over the text, look at the chart, and say to themselves, "Bah ... humbug .... after the fact bull$hit."

Knowing now what I didn't know way back then, I'd gladly pay $1000 for that post rather than the few dollars I have spent on any of a number of trading books with hundreds of pages over the years. But it's true value is priceless for anyone who reads it and takes into account every word and every sentence.

There is a lot of experience distilled in those two paragraphs, and you do not need an interpreter to understand the system or the rules. You will need practice to trade it, but that should go without saying, right?

If you can write your trading plan on the back of a napkin and a 10 year old can understand, then you are on to something, in my opinion.

speedo post.JPG


kudos to @speedo
 
NQurious said:
There is so much value in that one post and most folks are going to gloss over the text, look at the chart, and say to themselves, "Bah ... humbug .... after the fact bull$hit."

Knowing now what I didn't know way back then, I'd gladly pay $1000 for that post rather than the few dollars I have spent on any of a number of trading books with hundreds of pages over the years. But it's true value is priceless for anyone who reads it and takes into account every word and every sentence.

There is a lot of experience distilled in those two paragraphs, and you do not need an interpreter to understand the system or the rules. You will need practice to trade it, but that should go without saying, right?

If you can write your trading plan on the back of a napkin and a 10 year old can understand, then you are on to something, in my opinion.

View attachment 221722

kudos to @speedo
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Merci mon ami.
 
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