ES Journal - 2019/2020

Spooz Top 2 · Mar 18, 2020

Shorts keep ur stops tight as these are the times where u can smell a trap being set and trapped very easily ...... we are extremely over sold!

Noone123 · Mar 18, 2020

Bottom may be in for the day.

schizo · Mar 18, 2020

speedo said:
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.

Easier said than done with these 30-point 5-minute bars.

Spooz Top 2 · Mar 18, 2020

Bullys are trying to build out an IHS on the 5 & 15 min TFs... fyi

vanzandt · Mar 18, 2020

We are right where we were 20 days after Trump won the election.
Amazing.

speedo · Mar 18, 2020

schizo said:
Easier said than done with these 30-point 5-minute bars.

I don't use 5 minute bars. Tick bars are adjustable to current volatility. I looked at minute bars over the weekend to try and find some regularity in this action but even the 1 minute didn't work.

schizo · Mar 18, 2020

Spooz Top 2 said:
Bullys are trying to build out an IHS on the 5 & 15 min TFs... fyi

I don't think we'll see a V-reversal. The drop is too steep.

Spooz Top 2 · Mar 18, 2020

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

Smart move, buddy... sometimes best trade is to sit & observe... prep for tomorrow’s session!

schizo · Mar 18, 2020

speedo said:
I don't use 5 minute bars. Tick bars are adjustable to current volatility. I looked at minute bars over the weekend to try and find some regularity in this action but even the 1 minute didn't work.

Still, the depth is likely to be much, much wider than normal, isn't it? I'm sure you'd agree that it's not an easy market to trade despite how clean the price looks in hindsight.

vanzandt · Mar 18, 2020

vanzandt said:
(I was just writing this when you made that post... let me look. $255 may be a little low.)

Man I'll tell you guys what though. If you have a retirement account... start buying a few shares of ISRG. Like I said, its a trap here at $376 now... I'll have to pull out the magic pencil and look at this one, I should be able to get a pretty good bottom guess on it. I've followed it for ages... but that said... even at this level, if you can stand to watch it go lower... buy some of this company. You will not be sorry. I promise.

It's $396 now.