ES Journal - 2019/2020

[Laissez Faire]

Yes I do and I see your point. Thank you.

I missed it.

 

[SimpleMeLike]

I missed it.

How it goes Laissez Faire,

You trading this ES now in the morning. Time to make some cash. I am long ES at 3393.25
target at 3396.75
stop at 3386.75

 

[Buy1Sell2]

Strong Open. It's quite likely we put in the Week Low on Monday, but there's the FOMC on Wednesday which could trigger some selling.

I don't look at FOMC or any other news.

 

[Cessna06P]

Don't you have Brook's course?

What is Brook's course please?

 

[Laissez Faire]

How it goes Laissez Faire,

You trading this ES now in the morning. Time to make some cash. I am long ES at 3393.25
target at 3396.75
stop at 3386.75

Not at my trading computer ATM, so not sure what's in store for today. I usually start trading at 09:30.

Good 'luck'.

I don't look at FOMC or any other news.

I don't look at them either, but I sure do pay attention to when they're released. Not doing so is risky for a day trader, IMO.

I believe the last FOMC statements have triggered some selling. If not a multi-day reversal - at least a daily reversal.

 

[Gaslight Capital]

What is Brook's course please?

https://www.brookstradingcourse.com/

 

[Cessna06P]

https://www.brookstradingcourse.com/

OK thanks!

 

[Gaslight Capital]

Push down to where...?

Higher low major trend reversal: What matters is the push, not the precise level to where the push goes, e.g. it could have gone to a lower low. The push is all that matters. It is in fact saying "first the market will make one ore attempt to go lower, and if it fails, the reversal is to be bought."

 

[Laissez Faire]

Higher low major trend reversal: What matters is the push, not the precise level to where the push goes, e.g. it could have gone to a lower low. The push is all that matters. It is in fact saying "first the market will make one ore attempt to go lower, and if it fails, the reversal is to be bought."

Every swing (push) up or down fails at some point. As such - this seems like a very general statement to me.

 

[Gaslight Capital]

this seems like a very general statement to me.

And yet @wave was speaking of a specific market at a specific time and suggesting one to lok for a specific action and then reaction to occur. So go back to when he posted and look at, say, a five minute bar chart of the emini.

The next push down is the buying area.

Nothing abstract or general about @wave's post.