ES Journal - 2019/2020

SPYgrain · Jul 20, 2020

Spooz Top 2 said:
The 3 o'clock drop or pop is the shorts last shot at a reversal here ... if not we`re off to the races.. this should be last hurdle today for the Bullys....

...doesn't feel "heavy" to me..

Spooz Top 2 · Jul 20, 2020

SPYgrain said:
...doesn't feel "heavy" to me..

Bully Bully....

BeautifulStranger · Jul 20, 2020

BeautifulStranger said:
Oh, crap. Looks like I need to put on a hedge early for my up to 9 trading day position.

Edit: Now long 1 MES @ 3236.00 as a 80% hedge for my fly. ES is holding its last intraday high too long for my liking.

I’m beggining to believe! You all know what that means! Closed my hedge at 3246.75. Will probably reenter overnight.

newbie463 · Jul 20, 2020

was that supposed to be 3246.75?

BeautifulStranger · Jul 20, 2020

newbie463 said:
was that supposed to be 3246.75?

Please excuse the Freudian Slip! Thanks, corrected.

newbie463 · Jul 20, 2020

im sure you would have gladly taken the 1090.75 pt gain, tho, correct?

vanzandt · Jul 20, 2020

themickey said:
All good Vanzy.
Aaaaahhh, so you trading/holding lithium? Welp Monday I was hugely tempted to buy PIlbara Minerals PLS.AX.
Lithium is looking bullish but imo there are certain players who are keen to keep price supressed and manipulate the market.
The reason I didn't buy PLS is because lithium sector appears to be high risk and last run up on PLS it was smashed down on heavy volume.
View attachment 235429

I know... and what I don't understand is why that ETF ($LIT) is doing so damn well while SQM and ALB are still dogs. I gotta look at what they're buying. SQM is almost a pure play, one of the few. In this hemisphere at least.

themickey · Jul 20, 2020

vanzandt said:
I know... and what I don't understand is why that ETF ($LIT) is doing so damn well while SQM and ALB are still dogs. I gotta look at what they're buying. SQM is almost a pure play, one of the few. In this hemisphere at least.

I think the SouthAmericans are struggling for a couple of reasons, (a) Covid-19 (b) dry rock lithium is cheaper to produce than brine lithium.

volente_00 · Jul 20, 2020

Spooz Top 2 said:
T day theory is based on Tuesdays & Thursdays are typically up days... when red on these days we have a tendency to close green... It has kind of proven the test of time.... Poster Volente came up with it & have to say it has some value to it.....

Not close green

Touch green at least intraday

Relentless · Jul 20, 2020

Spooz Top 2 said:
T day theory is based on Tuesdays & Thursdays are typically up days... when red on these days we have a tendency to close green... It has kind of proven the test of time.... Poster Volente came up with it & have to say it has some value to it.....