ES Journal - 2019/2020

[newbie463]

33 is the significant breakout/ Big Resist level... do not think we test that at all... maybe on a quick overnight dip but appears a little too deep to me....

i was satisfied with the gap fill.

 

[SPYgrain]

That was for Tiddly Winks... Re; previous post.. lol

LOL

 

[tiddlywinks]

I picked up 70+ ticks per, on the drop before I closed down for the day.
I guess I've lost my hence of sumor. Oh well.

First 3 (of many) Naked POC levels below.
3229
3196
3154.25

Only 1 above... 3263.75

 

[vanzandt]

February 9th:

All that aside.... and a little OT I guess, but I think 2 years from now investors are gonna look back and say "why didn't I buy China when it was so low?"

You guys can mark this post.

China is gonna bounce with a vengeance. Long term.

_______________________________

Man the farther China drops..... the greater the generational opportunity to just buy and hold that place. Corona WILL pass and China will press on. This is like '08 in the States, just a different boogeyman.

Buy China.

Keep buying as a bottom is hard to call at this point. The more it drops, the more you should buy. Use a Buffet time-frame. Looking ahead that is.

Hi B1...
Update....

 

[syswizard]

Great article:
https://www.marketwatch.com/story/a...hat-is-being-printed-2020-07-21?mod=home-page
Best one can do right now ? Get into massive debt....and then pay it off in 2 years with dollars that will be worth one-tenth of today's dollars.

 

[trading_jean]

Hi, how do you discern a pullback from a reversal?
Do you use fixed or % points stop?

Hi Poljot,

I assume you are new to trading? The answer to that question would be the holy grail in trading I'm afraid. So chances are slim someone here can help you out on this one.

There are several ways to trade, and each method will use different techniques to try and identify (a higher probability of) a reversal.

* Traders using horizontal support/resistance will assume an uptrend as long as price stays above the last main support.
* Traders using channels will assume an uptrend as long as the channel is intact.
* Traders using MA's will assume an uptrend as long as the smaller MA is above the bigger MA
* Pattern traders will look for reversal patterns such as wedges or H&S pattern.
...
etc... etc...

It is also important to take the timeframe you are talking about into account. A reversal on a 5M chart doesn't mean the reversal is relevant on a daily chart.

 

[ElCubano]

Please do quote what you take as evidence that you, an anonymous internet poster, has somehow offended me. I thought my response to your comment that the "internet ended badly" was funny. But I often laugh at my own jokes.

I thought we were having a discussion. Have I insulted you in some way? I re-read my post and I see nothing that indicates I was somehow offended and thus, in your view, "lashing out" perhaps?

My bad then. I may have read it wrong. Thanks.

 

[wiesman02]

Nice little range right before open and pop up. It’s rare the open is this easy to catch

 

[BeautifulStranger]

Interesting VXX took took out yesterday’s highs. I assuming it is because of earnings reports tonight.

 

[syswizard]

Crude oil inventories rose by nearly 5 million barrels, yet WTI crude (CL) refuses to go down.
This is so typical of most markets right now.....all bad news is ignored. Market has blown-off 2020 and is reflecting 2021 and beyond.