ES Journal - 2019/2020

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Continuing to smack & sell the lifts here on all stimulus news... beautiful set up this morning off globex retrace.... will continue to spank the lifts until downside target is kissed @ 2635-50.
 
Laissez Faire said:
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.
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Way too much emphasis on exact percentages... when sellers want out they want out & hit the bid regardless of percentages.....
 
one possible scenario

upload_2020-3-11_15-20-28.png


edit: chart got cut off. That would be targeting 2735 or so
 
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Spooz Top 2 said:
Way too much emphasis on exact percentages... when sellers want out they want out & hit the bid regardless of percentages.....
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Could turn that quote around and say sellers hit the bid when they want out regardless of your price projection, however you derived it.

Percentages works very fine - both for daily changes and for long term corrections.

20 % down is a number everyone is looking at, so it's certainly not insignificant.
 
Laissez Faire said:
Could turn that quote around and say sellers hit the bid when they want out regardless of your price projection, however you derived it.

Percentages works very fine - both for daily changes and for long term corrections.

20 % down is a number everyone is looking at, so it's certainly not insignificant.
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Then why hasn`t everyone bought the 20%... 2720 level & made it the almighty Floor your referring to? Trading down to 2695? Trading a mere 3% off the lows?

Everyone is pretty broad.... anyhoo, It`s called plan your trade & trade your plan... Let your PnL judge your opinions!
 
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