ES Journal - 2019/2020

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I guess the trend is your friend until it isn't lol. Still holding this one. Gonna play with the position a bit I tihnk. Add here and there if I need too. Experiment with a different strat
 
vanzandt said:
Its called $6 Trillion of funny money. Its like the Viet-Nam war percentage-wise, in a month. I'm no economist nor am I a physicist... but I do recall Newton's Laws.

You don't get something for nothing babe.
Of that I'm 110% sure.
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I'm not an economist either, but it seems to me that with the dollar still being the world's reserve currency and a safe haven, the FED and the US gets away with this and a lot of other things too like large budget deficits and trade deficit. Particularly since other countries and the ECB tends to do the same.
 
theapprentice said:
I guess the trend is your friend until it isn't lol. Still holding this one. Gonna play with the position a bit I tihnk. Add here and there if I need too. Experiment with a different strat
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With most (?) European markets being closed - I would personally guess that we won't see any strong trends prior to the US Open. We appear to be mostly going sideways now.

Even the US session might be muted and choppy today, although I hope and think we can get some action today considering where we currently are in the market cycle, holiday or not.
 
Laissez Faire said:
Most likely today will be a slow grind higher, but being up a lot already - it's hard to say were we end by the Close.

We've had a few + 9 % days lately, so do not fight the trend or short this on the basis of 'overbought' only.

It's quite likely we will challenge 2630 today. That's + 6 %.

Finally, there's an open gap at 2692,50. That's 8,59 %.

Long bias for now.
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Hope your wrong brother, I need this shit to go down just a tadddd, todays expiration too. lol

But hey, that's what makes a market:)
 
.sigma said:
Hope your wrong brother, I need this shit to go down just a tadddd, todays expiration too. lol

But hey, that's what makes a market:)
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You do realize you're quoting a post of mine from Monday, right? :)

I haven't made my prediction for today, yet, but basically, on a positive open, i.e., 2740 + or so, I'd be looking for continuation higher today.

You're currently in an option position?
 
This has the potential to be one of the biggest shake outs of all time..

Spooz regained 44%ish of its losses already. These markets are crazy. The magnitude has been magnified.
 
Laissez Faire said:
You do realize you're quoting a post of mine from Monday, right? :)

I haven't made my prediction for today, yet, but basically, on a positive open, i.e., 2740 + or so, I'd be looking for continuation higher today.

You're currently in an option position?
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Whooops! Sorry I didn't notice. My bad. And yes.. just some flies in single names. I'm in the journal section dropping gemz like dest.. lol jk but yeah I need a lil down move so these single name flies can expire at break-even.
 
.sigma said:
Spooz regained 44%ish of its losses already. These markets are crazy. The magnitude has been magnified.
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Crazy, indeed. And this is why I like to keep my trading technical and divorce my other views/biases/opinion from my actual trading. I just trade my statistical patterns/biases.

It remains to see if this is just a strong retrace or if we actually bottomed out already.

Personally, I would be a bit surprised if we don't at least retrace a few hundred points lower starting sometime next week. On the other hand, we've all seen what this market and the FED have been capable of in the last 10 years and everyone should keep the 2019 recovery fresh in their mind.
 
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