ES Journal - 2019/2020

[SPYgrain]

I imagine the market will firm up the rest of the afternoon in anticipation of afterhours Trump re-open news. ----Headed out for 18-----Talk to you soon----

This is good short signal, no?

 

[schizo]

Long 80.75

SL 78

 

[hafez50]

This 50 handle range is a license to print presidents ...

I'm talking the last 30-60 mins. were in 8 pt range of jiggle

 

[schizo]

Long 80.75

SL 78

-3ish

Flipo short 78
SL 88

 

[trdes]

I'm confused. Unless you just love the sheer adrenaline of violent volatility and multiple intraday 1k+ point swings - isn't it better to have large moves in either direction at a slower pace? I would think that would be more beneficial to those experienced with an edge. Kind of like pro poker tournaments where the structure is slower so the more advanced players can do more damage with more time to plan / implement?

Genuinely curious btw...

I can only speak for myself, but my edge doesn't change based upon how much movement there is. The markets are fractal so there's short and long setups firing on multiple different charts all the time. If there's bigger movement like there has been lately I will lesson my size and trade a bigger buy or short setup.

If the market tightens up, I'll go to a smaller chart and take a buy or sell there, the only adjustment is the ATR expectation of the move.


EDIT: Meaning those big down and up moves aren't always random, it's just a bigger chart going into a buy or sell mode. If you have an edge on a smaller chart, there's no reason you can't apply it to a larger chart as the markets are fractal.

 

[hafez50]

I'm confused. Unless you just love the sheer adrenaline of violent volatility and multiple intraday 1k+ point swings - isn't it better to have large moves in either direction at a slower pace? I would think that would be more beneficial to those experienced with an edge. Kind of like pro poker tournaments where the structure is slower so the more advanced players can do more damage with more time to plan / implement?

Genuinely curious btw...

You got it . I got used to violent crazy moves were i could throw a scale of 30 es on and get 10-30 pts fast. I'm not throwing size on with this slow movement up and down. I'm like a herion addict coming off a fix .The only guy on here who listed his buys and sells real time the apprentice got stopped out like 5 times in row. Each trader likes what they like .

 

[Laissez Faire]

Nice second entry for late longs there. I'm anticipating a push to 2805-2810 still.

 

[SPYgrain]

I'm seeing IHS - 30 min chart...just me but seems like they're chewing through demand pretty good...getting weaker as the hours tick by..

 

[IB_Dude]

Ladies and Gentlemen, it is the moment of truth

The inability to break below 60 and hold isn't promising for the Bears. However, I'm still holding a slightly bearish sentiment in the short to medium term. I think the risk/reward favors a downward retracement

 

[hafez50]

I'm seeing IHS - 30 min chart...just me but seems like they're chewing through demand pretty good...getting weaker as the hours tick by..

2 guys 2 different opinions . If you have tight 5-7 pt stops there stopping people out on both sides the last hr . Its called chop