ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Right.
How do you protect yourself B1? I meant to ask that earlier in the week.
I mean your call today... it sucked in a big way. Like from the moment you posted it... "here we go".... the market tanked.
XLF is at the same level it was 2 months ago... just sayin' dude.... you are non-stop wrong. I can post "I'm going long TSLA" and come back here in 6 months and claim a $600 score but there's a couple things...
1) I don't even think you have a trading program as the charts you post come right off of an equivalent of Yahoo finance and...
2)You have been dead wrong about the pandemic all along.
Turn your sets off? No, perhaps smart folks turn their's on and then think critically.
But whatever. XLF is down again today. Notice how it didn't drop like the rest of the market. I pointed that out too.
Its not going anywhere babe until we get a vaccine. And even then, it'll be money parked in a low beta play. Financials are dead as this "recession" we're in has not even come close to rearing it's true ugly head. Any pop is due to the trading desks of of the money center banks.... Main Street's pain is just starting. Do you really think Powell would leave rates at zero until 2023 otherwise?
I don't agree with what's going on by any means. I mean gimmee a break... families of Big 10 players have to argue to be able to get into an empty stadium to watch their kids play?! Its ridiculous. But it is what it is and its damaging our economy in a big way, that whole mindset. I couldn't agree more B1.
But as long as it exists, only a fool pisses in the wind.
You've been trumpeting a long position based on your love for Trump.
Those aren't trades buddy. Trades take skill. A trader with your disposition today when you made that call would have lost his ass. And there are probably 3 dozen examples of this in the last six months. Like I said, I can post NVDA or TSLA is a great buy and come back in 6 months and be proven right or wrong... but a generic call like that does not a trader make.
What most of you guys already know but some need to understand is B1 is Not a trader.... he’s an investor... y the very definition.... buys and stay long the bull market.. plain and simple...
You could have faded every short term call and have been up a 50 Fold! Bollinger Bands are not indicators of Price Action or signal bars... this appears to be B1s primary “ indicator” for lack of a better word.
You could have faded every short term call and have been up a 50 Fold! Bollinger Bands are not indicators of Price Action or signal bars... this appears to be B1s primary “ indicator” for lack of a better word.
Incredibly, by end of last week the S&P closed lower 3 weeks in a row with the low later in the week. On this basis alone - the odds of a higher close next week is 78 %. Many of these weeks happened near market bottoms, though.
If we filter based on the Week Low coming in at Friday and a close less than 10 % from ATH the odds are still pretty damn bullish for the week ahead with a 83 % odds of a higher close, but also 67 % odds of new lows first.
Based on this - I'll be mostly expecting a move lower early next week with the potential of a great rally higher later in the week. I'm thinking the Week Low on Monday @ 3250/3265.
Note: I'm still bearish medium-term.
If we filter based on the Week Low coming in at Friday and a close less than 10 % from ATH the odds are still pretty damn bullish for the week ahead with a 83 % odds of a higher close, but also 67 % odds of new lows first.
Based on this - I'll be mostly expecting a move lower early next week with the potential of a great rally higher later in the week. I'm thinking the Week Low on Monday @ 3250/3265.
Note: I'm still bearish medium-term.
Hopefully no newbies listened.
Right?
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