ES Journal - 2019/2020

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RTY (Russell 2000) is really weak today in light of the rest of the markets.
I think the Russell 2000 will become the Russell 200 as these small caps just die in bankruptcy unable to get loan covenants changed or new loans or new funding.
 
Laissez Faire said:
Interesting, @wave. I'm sure he's not the only one and similar things could been said about many members on this board.

I just can't see how this is anything but a big bubble, but I'm certainly not fighting it and try to keep my trading 100 % neutral and technical.
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Yep, probably why trading is difficult for so many.
If you apply logic to mkts / trading it can work for you as well as against you.
Logic doesn't work very well with trading much of the time, many of my best stock trades are stocks with utter crap fundamentals.
If logic were applicable, it would be a crowded trade and you would most likely arrive too late.
 
Laissez Faire said:
But wow. What a market. ES pretty much never looked back once the 3400 level was cleared. Will the S&P now continue printing daily ATHs like NQ have been doing for the last two months?

At this point - it seems like it's just numbers on a screen. Maybe that's what it's been all the time. And if it's just numbers on a screen - what's to stop this market from here?

I haven't been fighting this market and have taken plenty of longs, so I'm not complaining. But it does seem ridiculous at this point.

My investor friends who were scared to death and pale as ghosts in March and FINALLY humbled are now made whole and then some.
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Some people just see numbers on a screen...
others saw today as tremendous trading opportunities... we he had a trending BO in morning session, 2 reversals, double bottom,
Dips & rips & scalps galore from both sides of the plate!!!
Perception is a tricky thing....
 
Spooz Top 2 said:
Some people just see numbers on a screen...
others saw today as tremendous trading opportunities... we he had a trending BO in morning session, 2 reversals, double bottom,
Dips & rips & scalps galore from both sides of the plate!!!
Perception is a tricky thing....
More...
On 1 minute chart, yes.
 
Spooz Top 2 said:
Some people just see numbers on a screen...
others saw today as tremendous trading opportunities... we he had a trending BO in morning session, 2 reversals, double bottom,
Dips & rips & scalps galore from both sides of the plate!!!
Perception is a tricky thing....
More...

I think my point went over your head as I wasn't talking about today's day trading session, but the big picture and where this market is headed moving forward, i.e., a crazy bull market printing daily all time highs while the economy is down the drain.

I've been mostly bullish in this journal lately and my system generated plenty of long signals today. I was anticipating 3450 as a reversal area, but I was wrong about that.
 
Laissez Faire said:
I think my point went over your head as I wasn't talking about today's day trading session, but the big picture and where this market is headed moving forward, i.e., a crazy bull market printing daily all time highs while the economy is down the drain.

I've been mostly bullish in this journal lately and my system generated plenty of long signals today. I was anticipating 3450 as a reversal area, but I was wrong about that.
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To be honest, who cares where it`s going in 6 months or 6 years from now... It`s about capturing the present & trading in the Now! Let`s just hope that this stays consistently a traders market like today.... Good Luck
 
Spooz Top 2 said:
To be honest, who cares where it`s going in 6 months or 6 years from now... It`s about capturing the present & trading in the Now! Let`s just hope that this stays consistently a traders market like today.... Good Luck
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Yup, it's about living the now, grab it while it's hot because tomorrow might be sad.
Unfortunately, it doesn't sound moral, but that's how the cookie crumbles.
conor-mcgregor.jpg

Edit: One of those guys is probably Dest. :)
 
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