ES Journal - 2019/2020
- Thread starter Buy1Sell2
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You still see 2847 in the offing?
with todays Globex price action I would be looking for something more bullish, like a test of the top of the range - 2870s
Why's 2885 called The Hog?
Either way, I think we may see a run for the hog today, and even Monday as all the bad news for the time being is out there.
More earnings next week will trigger the next sharp down-move.
For now we are heading towards the hog.
L 96.25
Like I said yesterday the mkt twists and turns us . We had a bearish close yesterday and we got the 2600 -2700 calls yet again . We hit 2755 last night and I see we hit 2807 which now negates all that negativity . We refuse to let go in the face of the worst Econ in history . So based on yesterday’s close and last night the right move for today was certainly bearish . But poof no now it has more of a bullish tint . A trader wakes up every morning and assesses the mkt daily .Theres no room for prediction as it slants your trading . Let the action of the minute guide your trading . Most went to bed with a bearish mind set. To be a successful trader your mind must be blank every morning ready to scope the present landscape . A trader doesn’t predict events he reacts to events . Hell I could sit here 50 times a day and put long 95 stop loss 87 target out 93 trade didn’t feel right and be accurate 90% of the time . You’d say wow Hafez 50 is an incredible trader let’s follow him . Then I stop posting and your lost . Or you can learn principles of trading conform your own trading plan to your personality and become a trader for life .Thats why 95% of traders fail . They let predictions and emotions guide there trading . Most traders are flat at days end so why predict and cloud your mind ?
out +10
There's many ways to skin a cat. Nothing wrong with predicting if you actually have a valid way of making such predictions and with a certain amount of success. Just looking at a chart and saying, "This looks like it's going to go up", is not very likely to be successful, unless there's a specific pattern associated with that.
In the end - it's all about probabilities and nothing works all the time. So it's of course very important to have a flexible mindset and not get locked down in a specific bias/outcome and ignore that the other one is actually taking place. Easier said than done.
In the end - every trade is a prediction as you expect price to go in your favour.
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