ES Journal - 2019/2020

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That's the whole point TA isn't a self fulfilling prophecy, it's the fact are you able to maintain your position for it to play out or are they going to squeeze you out first or make you give up.
 
trdes said:
They aren't going to move the market until they have enough shorts or longs in the setup to basically screw. Also people getting impatient a lot will put in orders out of frustration, which again helps load the boat for the bigger move.
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More or less, I agree. The 3x per week options expirations play a part as well. There are just days where it will "pin" for hours. OTOH, the panic bid in the 10 year, the extreme weakness in Russell have been decent tells today that it wasn't going to be an easy BTFD back to 2800 type of day.
 
Shorts were penalized by institutions when they got free money a few weeks ago
In
I would not short. You may have SPXU for a day. Good luck!
 
FriskyCat said:
More or less, I agree. The 3x per week options expirations play a part as well. There are just days where it will "pin" for hours. OTOH, the panic bid in the 10 year, the extreme weakness in Russell have been decent tells today that it wasn't going to be an easy BTFD back to 2800 type of day.
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Well that's always been an issue of mine. If you look at your setup, what has really changed with the underlining fundamentals based upon how you read the market / your edge ? if the answer is nothing, than you need to be patient for the move.

The back and forth price action is just players jockeying for position getting a net weighted average on their position and once supply drys up on one side, it will go in a direction and get a bigger move.

Just looking at the back and forth can drive you crazy, if you don't step back and think about what's going on.
 
schizo said:
Absolute garbage PA today. Think I'll take an early exit.
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FriskyCat said:
Seriously. Worst I've seen in a long time.
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Compared to the last few weeks or the long term average...? And what's the complaint? Lack of follow through or momentum?

A 30,50 point range would make this the lowest RTH range since this sell-off started, but still well above what one would expect in 'normal' times. And still making decent swings here, although it's choppy.

But yes, I surely can sympathize. And I have been wondering if I, myself, would be better suited to trade an instrument with more momentum. ES is an instrument that while highly liquid does retrace and backfill a bit too much for my taste.
 
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