ES Journal - 2019/2020

[NQurious]

I think this rally is done.

Mark me short 2785 ESM for a swing. Wouldn't be surprised intraday if we don't get a double top, 2B top, or a lower high 123 top. A close above 2813.11 may be enough to have me go flat into the weekend.

 

[Buy1Sell2]

Trend is now up on larger frames and will be favorable to my approach.

Medium to Long Term Trend is now decidedly up. I anticipate very large point gains over at the least, today and tomorrow.

Now, my long trades will be with the trend and I can increase the gas pedal on size. This is what we are looking for.

Sell Signals are now beginning to show less follow thru in general. Trend has changed.

No real rip there, but classic trend change buying. Tomorrow will be a whopper. Maybe even overnight although I always prefer it in RTH

Now that the trend has been changed to up, my trades can be left a little bit more to run the way I like them to.

Wise Man of the Woods

Wise Man indeed----and way ahead of the pack.

 

[NQurious]

Wise Man indeed----and way ahead of the pack.

Better take your profits on those longs and flip to short wise guy

 

[Laissez Faire]

Wise Man indeed----and way ahead of the pack.

LOL. After being way behind for an entire month, it's a good thing you're once again in the lead.

 

[Laissez Faire]

Moment of truth at 2773 and finally 2765,50.

 

[theapprentice]

out here (2785) for +100 as planned

I think it's gonna go higher but whatevs

Mark me short 2785 ESM for a swing.

Just waiting for me to close, weren't ya!

 

[syswizard]

gonna be a grind up day?

More like a grind down day.

 

[Picaso]

As for news, economics and all that stuff - I gave up making sense of all that a long time ago. At least in relation to my technical read and trading of the market. I first started out day trading in late 2008. Just about when the FED launched their first round of QE.

There were a lot of people, not just traders, but economists, who were very negative with regards to QE and claimed it would destroy both the economy and the dollar, yet here we are 12 years later.

I remember that paying attention to the news influenced me very badly as I became very bearish and as a result fought the market - always looking for the great big short. Over the years, I've lost count of the # of bearish news/reports that this market shrugged off like it was nothing and even rallied on it.

In recent times I think the recovery after the fall of 2018 was something that left a lot of people puzzled.

Words of wisdom

 

[NQurious]

Just waiting for me to close, weren't ya!

You're a sharp guy - you just don't know how sharp you are yet. I'm keeping my eye on you

 

[Picaso]

Wise Man indeed----and way ahead of the pack.

Benjamin Franklin's 13th rule:
13. Humility. Imitate Jesus and Socrates.