ES Journal - 2019/2020

[syswizard]

2792 level remains recent resistance. On my chart it has failed a break-thru 4 times.

 

[Picaso]

How so?

Correct me if I'm wrong but you were saying that we were chopping in a range (highs being sold, etc.) and then you placed a long at the top of the range, hoping for a breakout, nothing wrong with that... if you think we're trending... but if by your own analysis we're in a range, why not play the range until the market conditions change?

 

[schizo]

Long 89.50

SL 84.50

+5

Flipo short 94.50
SL 96.50

 

[SPYgrain]

If only there was a way to recognize that in advance and avoid getting chopped up.

Any words of wisdom?

wisdom or simply observation - the entire week has been contracted relative to recent weeks, so probability for an extended run or breakout is less..

 

[Picaso]

Its stuff like this... and I know he trolls with this crap for some unknown and obviously clinically un-diagnosed as of yet reason... but still.



Trump said the death toll will max out at 50K-60K.... I guess that means its over as of Sunday right?
Drink some bleach B1, it goes well with that Kool-Aide buddy.

You can be liberal or conservative, there are valid arguments for both lines of thinking.

But anyone (not naming names) still listening to Trump, in general, and regarding this virus in particular has some serious mental disorder.

And yet, we're still going up...

 

[Relentless]

I'd lean more towards scenario 1.

Hard shakeout of longs before continuing higher on the day.

EDIT: Let's see if we take out yesterday's lows on the cash index, possibly causing some follow-through or rather some artistic stop running.

Vix (if you find it useful in your cumulative analysis process) imho doesn't seem to be confirming downward price action. I think this observation is still good just going to take the greater duration of the day to come to fruition.

 

[Noone123]

Or if you see Schizo flipping like crazy, we are in chop. Hehe.

 

[schizo]

Flipo short 94.50
SL 96.50

+6ish

Flipo long 88.25
SL 86.25

 

[Laissez Faire]

Correct me if I'm wrong but you were saying that we were chopping in a range (highs being sold, etc.) and then you placed a long at the top of the range, hoping for a breakout, nothing wrong with that... if you think we're trending... but if by your own analysis we're in a range, why not play the range until the market conditions change?

Well - we're chopping until we're not. And I didn't consider my entry (which was a bit late) to be top of the range. I went long since I believed we had just printed a false breakout of the current LOD.

 

[syswizard]

2792 level remains recent resistance. On my chart it has failed a break-thru 4 times.

FBO (False Break Out) to 2795....and then immediately reversed.