ES Journal - 2019/2020

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schizo said:
What I meant was that this market has been ripping higher every day and it seems obvious that this will continue.
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I know what you`re saying & you may be right... The powers that be, run this show, we saw that last night on Globex.... Sick!
 
Spooz Top 2 said:
I know what you`re saying & you may be right... The powers that be, run this show, we saw that last night on Globex.... Sick!
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Way back when, I wrote of the genius of @Buy1Sell2's moniker here. I don't know if he did it intentionally.... he might have, ya never know, but here's the deal....

See, the night session allows players with big stakes to get out slowly.
Lets say you own Spooz's Super_Hedge Fund".... and you are a major whale. Lots of money, lots of leverage.

You have access to "level 3" (sic) info.... (the stuff Schiz bitches about.)... and you can can see the order book real-time at the level (you) and I can't. Whatever.
You know how many idiots, be it retail or otherwise, bought at a certain level that evening, and what and where the stops are. Keep in mind this is very dynamic. Its all math.

All the sudden you see an opportunity to run the ES up for a minimal amount of cash to squeeze short positions you KNOW have stops and/or can't take the heat. But for every one of your shares, there's 2 or more playing the game that you know will buy yours. I'm over-simplifying it here.... but in a nut-shell.... you buy 1, sell 2.

Is Izzy a genius in selecting his name here? He just might be. But whatever.

I ain't heard this one in a long time.... crank this one to 11, and then some. God I love this song lol. I don't care if you're 12 or 70.... crank this thing up.... put it on Elon's time capsule so when we're all gone.... it'll still ring out loud.

tty ya'll later.

 
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Noone123 said:
I would be surprised if we see oil higher than 26 by next week. Failed break out today and persistent selling at 26 level. The question is will we see negative price again...
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Things have really gotten crazy in this market.....every overnight Globex session seems to bring higher prices.....only to have them come back down during RTH. Crazier yet is the Saudi's recent increase in prices amidst a sea of inventory. This market now is all about emotion...and will culminate in the May 19th settlement of June WTI. Right now fair value for June CL seems to be anywhere from -$25 to +$25.
 
Spooz Top 2 said:
I know what you`re saying & you may be right... The powers that be, run this show, we saw that last night on Globex.... Sick!
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schizo said:
Nothing will get in the way of this beast, especially in the AH. Better get out of the way or be prepared to get steamrolled. But the question remains. What would happen if there's no more sellers left?
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Wow, already up over 30 points. Talk about sick, dude. :vomit: :D
 
Globex Crew throwing another party tonight... we should be trading 2965 by morning at this rate!

Seriously considering flip flopping my trading hours & joining the Fun Bunch on the overnight session! They get the Gravy ... we get the Grizzle n`Grind!
 
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