ES Journal - 2019/2020

Sekiyo · Mar 25, 2020

Noone123 said:
Your target distribution and accumulation is 100 pts apart? That's too small for the current vol. Maybe on a short time frame, but we are seeing 200 pts movement intraday lately.

These are dynamics.
100pts leg is fine isn't it ?

Sekiyo · Mar 25, 2020

Sekiyo said:
These are dynamics.
100pts leg is fine isn't it ?

Consider these local areas.
Not daily high and low but highs and lows

Sekiyo · Mar 25, 2020

Sekiyo said:
Consider these local areas.
Not daily high and low but highs and lows

And yes I am on a 1 min chart ...

schizo · Mar 25, 2020

Sekiyo said:
But the guys have shorts in plenty already,
So I believe we're going to accumulate.

The absolutely best place to enter long is where you believe the stops are piled. I'm not talking about those weak shorts on the intraday chart, but the hedge fund fatass shorts on the daily chart. That's where the chart will go parabolic (with the massive stop running) and you'll make the most money. We're not there yet. No sign of capitulation as of yet.

Sekiyo · Mar 25, 2020

schizo said:
The absolutely best place to enter long is where you believe the stops are piled. I'm not talking about those weak shorts on the intraday chart, but the hedge fund fatass shorts on the daily chart. That's where the chart will go parabolic (with the massive stop running) and you'll make the most money. We're not there yet. No sign of capitulation as of yet.

Squeeze and shake outs ?

"vVv"

Sekiyo · Mar 25, 2020

schizo said:
The absolutely best place to enter long is where you believe the stops are piled.

Ok. Got it.
Often the move is sharp.
It's not a friendly PA to enter.

But definitely the best places around.
Agree.

Sekiyo · Mar 25, 2020

Buyer @ 2471
SL 2464
TP 2506

Sekiyo · Mar 25, 2020

Sekiyo said:
Buyer @ 2471
SL 2464
TP 2506

Out +1 tick.
Trying to buy lower @ 65
TP around 54
TP 2500

Overnight · Mar 25, 2020

All the folks here thinking of playing those initial jobless claims need to consider that the forecast is a blanket 1.5 million... that will be more than double than at any point in the history of the data by the Department of Labor starting in late 1960s. The algos probably won't be able to handle that well if the realized numbers are around that figure, and the moves will be violently unhappy.

Noone123 · Mar 25, 2020

Overnight said:
All the folks here thinking of playing those initial jobless claims need to consider that the forecast is a blanket 1.5 million... that will be more than double than at any point in the history of the data by the Department of Labor starting in late 1960s. The algos probably won't be able to handle that well if the realized numbers are around that figure, and the moves will be violently unhappy.

Cali is already at 1 million. We are going to blow the 1.5m out of the water.