ES Journal - 2019/2020

[schizo]

Problem is Nasdaq IMO. No panic there yet.

The 2000 analog had that first panic leg at -36% if I remember correctly. That's still 700 points away.

Price formation wise, they look pretty damn similar.

 

[speedo]

Yeah, that was a panic correction but not a bear.

Sure looked like it was going to be one tho'.

 

[schizo]

The effing problem is we're really in an uncharted territory. You need to base your price on prices going back 5 years!

 

[speedo]

Price formation wise, they look pretty damn similar.


View attachment 222462

Look at the nature of the bars of each on the way up.

 

[speedo]

The effing problem is we're really in an uncharted territory. You need to base your price on prices going back 5 years!

As a citizen, I like bull markets, usually good earnings, low employment etc. As a trader, I don't care, if the market wants to go up, I get more long signals and vice versa. That's all I care about.

 

[Laissez Faire]

The effing problem is we're really in an uncharted territory. You need to base your price on prices going back 5 years!

Yes. The only thing which is certain is that we just broke a KEY level on higher timeframes.

No bottom in sight as far as I'm concerned.

I got my sights on 2000 now.

As incredible as it seems, we only need one more day like this for that to happen.

 

[Spooz Top 2]

Let’s see how we react to the 5 min- 15 min TL kiss here... will take some balls to lay out your shorts there...

 

[Spooz Top 2]

I’m sitting right at my daily quota for the day
3 winners- 1 loss - 1 scratch... may just observe here ... unless I see a Cherry !

 

[vanzandt]

One of these day's B1, you'll shut up and listen to those with a little experience.

Another one like this right now... is ISRG @ $378.... its a screaming buy.
Huge trap.
There's no way we aren't going lower.
2340 is toast guys.

I don't think so B1. No way. At least not long term.
I'm not touching anything long.
.

But I've been here before... I'm gonna wait. Certain feelings... like this one to jump in and buy a stock when its a screaming buy... I'm always wrong.
That's how I know we're still going lower.
30+ years of playing and you learn a thing or two.

 

[speedo]

I’m sitting right at my daily quota for the day
3 winners- 1 loss - 1 scratch... may just observe here ... unless I see a Cherry !

I expect more signals but am worn out...observer mode here.