ES Journal - 2019/2020

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Laissez Faire said:
So, you're saying the markets are as random as a dice throw?

I say they're not.

And I say there's a relationship between what happened yesterday or the days before and what's happening today.

So, when I mention the odds of 2 Inside Days in a row I'm not computing it as they're independent outcomes.
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completely agree
 
Spooz Top 2 said:
There has been several clean short set ups intraday... today’s 1pm OVB on the 5 min was as clean as it gets... little to no risk & ITM quickly...

Swinging from both sides of the plate is imperative in this game....
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Oh no doubt, and you have definitely capitalized well. I was referring to swing shorts for those expecting another leg lower. It ain't been a pretty stretch.
 
Wild swings both ways so far. But the dips are being bought. Weakness on NQ ain't helping, though.

Any bets as for today's outcome...?

I mentioned 67,50 and it's been resistance so far. If we can clear that level I'd be more confident we trade higher on the day.

But as of now - it looks like a coin toss. No strong opinion either way, but leaning bullish.
 
Lets say Biden wins.
He inherits an economy with 10%+ plus unemployment.

Does anyone really think he's going to do anything to rock the boat?

Raise taxes? -no
New Green Deal? -no
More spending? -yes

Nothing will change for the foreseeable future.
Its the same ol' same ol'.
Nothing but talk.

His focus will be have to be on job creation, and he won't pull any radical changes with our economy where it is right now. Oh they'll talk a big game, but nothing will be done.

And that's exactly what the market is telling us.
 
vanzandt said:
Lets say Biden wins.
He inherits an economy with 10%+ plus unemployment.

Does anyone really think he's going to do anything to rock the boat?

Raise taxes? -no
New Green Deal? -no
More spending? -yes

Nothing will change for the foreseeable future.
Its the same ol' same ol'.
Nothing but talk.

His focus will be have to be on job creation, and he won't pull any radical changes with our economy where it is right now.

And that's exactly what the market is telling us.
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So then you've changed your projections / sentiment on overall market direction? Just curious because you seemed fairly bearish a bit back.
 
vanzandt said:
Lets say Biden wins.
He inherits an economy with 10%+ plus unemployment.

Does anyone really think he's going to do anything to rock the boat?

Raise taxes? -no
New Green Deal? -no
More spending? -yes
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Raise taxes? -yes
Green New Deal? -yes
More spending? -yes
National Mask Mandate when outside regardless of whether alone or not?---yes
 
vanzandt said:
Lets say Biden wins.
He inherits an economy with 10%+ plus unemployment.

Does anyone really think he's going to do anything to rock the boat?

Raise taxes? -no
New Green Deal? -no
More spending? -yes

Nothing will change for the foreseeable future.
Its the same ol' same ol'.
Nothing but talk.

His focus will be have to be on job creation, and he won't pull any radical changes with our economy where it is right now. Oh they'll talk a big game, but nothing will be done.

And that's exactly what the market is telling us.
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What the market is telling us is that Trump will win.
 
vanzandt said:
I do all the time, for certain stocks at least.
Low volume types. I watch the options too.
I don't think it helps much here, maybe sometimes on the overnight if things are slow.
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Sounds good. I'm sure it's more beneficial on stocks.

I'm sure you'd enjoy the book about the Flash Trader. He was a master of the DOM on ES before he eventually wound up in jail.
 
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