ES Journal - 2019/2020

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Relentless said:
Real money only trades during RTH. Nothing to see here. Two guys in their underwear in the basement etc. etc.
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The unfortunate thing is that those kids move the market as moves are much smaller during RTH and - on aggregate - there's hardly any move at all during the day. Interesting article here

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Relentless said:
Real money only trades during RTH. Nothing to see here. Two guys in their underwear in the basement etc. etc.
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This kind of arrogant postings I don’t like at all. Some Americans still think that there is no life outside the US. The last ETH there were over 450,000 contracts ES traded. I am sure you have even no money to trade a mere 0.01% of that volume. So you don’t need to be so arrogant. A great trader is humble, you clearly are not there yet.

Read the last posting of @Hivey and maybe reflect about the difference between smart money and dumb money. You see I can be arrogant too.
 
virtusa said:
This kind of arrogant postings I don’t like at all. Some Americans still think that there is no life outside the US. The last ETH there were over 450,000 contracts ES traded. I am sure you have even no money to trade a mere 0.01% of that volume. So you don’t need to be so arrogant. A great trader is humble, you clearly are not there yet.

Read the last posting of @Hivey and maybe reflect about the difference between smart money and dumb money. You see I can be arrogant too.
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Virtusa,

I think it's a joke on @Buy1Sell2 's behalf who is the one that originally claimed that the ETH session is a low volume environment where a bunch of teenagers in their mothers basement are moving the market around.

Obviousy, not true.

As far as I know - ES usually follows the other global markets in the ETH session. Asia. Europe.
 
Yes. The expected outcome today would be flat or up. And if flat today - then up tomorrow.

A technical trader simply can't be influenced by fundamentals or his interpretation of the news. I'm a surprised too that we traded so far and so fast from the current bottom, but technically, this market is short term bullish and have been so for a while now. The 6th of April was the confirmation I needed.
 
hhiusa said:
Has anybody actually thought about what the economic state of affairs means for market beyond what candles are telling you?
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Not personally, no. I have found it hard though, for the first time in the years since I dumped funnymentals I have found it hard to completely ignore them.

If you look back at March '09 you will find many a portfolio manager talking about the 'real economy' and how everyone was still suffering, QE was not the answer, would result in hyper-inflation etc. etc. - the bull market just rallied on without them.

Not saying the same will necessarily happen here, but I have learned the best way to trade (not necessarily invest I might add) is to analyse the actual market itself, not something else and then apply that to the market.
 
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