ES Journal - 2019/2020

[Buy1Sell2]

CL looking good here on the basing for the continuation upmove. Staying long CL here for the long haul.

Oil is in the midst of a huge continuation upmove.

Yep.

 

[schizo]

-3ish

Flip long 42
SL 32
PT 52

Flip short 51.50

 

[wiesman02]

Anyone use the daily and weekly to forecast possible highs ? I'm looking at 2875 as the high for tomorrow or Thursday. I'm hoping we pullback before that happens so I can get in, but I won't get that lucky. This will probably scream on up without a smidgen of a pullback.

 

[Noone123]

That one is going to require a little elaboration. On what are you basing this? I'm not saying you're wrong, I'm just asking.

Oh crap, sorry for typo there that led to a bit of a debate. I meant to say that I think we are over supply.

 

[schizo]

Flip short 51.50

+4

Flip long 47.50 sl 8

 

[NQurious]

I'm looking at 2875 as the high for tomorrow or Thursday.

I'm hoping 85 but 75 definitely a good number to be looking at now that price had cleared 45 and even if price falls below it a bit.

I'm hoping we pullback before that happens so I can get in, but I won't get that lucky. This will probably scream on up without a smidgen of a pullback.

We pulled back almost 200 points from the rally high, and price is now just 25 points from what could very well be the high of the reaction, and from a level you yourself forecast as a possible high, and now you want a pullback to get long? Where were you Sunday night? or this morning at the open? Pullbacks all over the place Sunday and Monday .

As an aside, statistically speaking we have a nearly 70% chance that today's high, whatever and whenever it turns out to be, will be made before the day makes its low, whatever that price will be. Still over a 30% chance the low is in and we close at the highs. But good chance we print the high and sell off from there, imo.

 

[wiesman02]

I'm hoping 85 but 75 definitely a good number to be looking at now that price had cleared 45 and even if price falls below it a bit.



We pulled back almost 200 points from the rally high, and price is now just 25 points from what could very well be the high of the reaction, and from a level you yourself forecast as a possible high, and now you want a pullback to get long? Where were you Sunday night? or this morning at the open? Pullbacks all over the place Sunday and Monday .

As an aside, statistically speaking we have a nearly 70% chance that today's high, whatever and whenever it turns out to be, will be made before the day makes its low, whatever that price will be. Still over a 30% chance the low is in and we close at the highs. But good chance we print the high and sell off from there, imo.

Well in my defense, I did grab 48 NQ points on yesterday afternoons run up. Reason I'd prefer a pullback now is I'm cash, and I won't go long at these extended levels. I like to buy pullback in ES and ride it up to that 75-85 level. Right now, I'm just watching it slowly churn on up.

From an R:R perspective, its just too far extended on the 60 min for me to risk a position.

 

[schizo]

+4

Flip long 47.50 sl 8

+15

Flip short 62.50 sl 9 pt 53 (flip long)

 

[theapprentice]

Flip short 62.50

nice catch

 

[Nighthawk]

+15

Flip short 62.50 sl 9 pt 53 (flip long)

You spin these ES contracts like a true Ping Pong Master!