ES Journal - 2019/2020

[Big AAPL]

I don't get it. How can today be a bullish engulfing candle if we didn't break or even touch yesterday's high? We are talking about ES, right?

Good point...but data is unbiased.

 

[Big AAPL]

It's the body of the candle that makes the definition

 

[Laissez Faire]

It's quite possible tomorrow will be the real test, i.e., failure to thrust above 3400 once more will trigger a sell which will have continuation to the down this time.

I'm just reading the market wherever it is and trade accordingly. So, a gap up tomorrow should be good for a buy for the first part of the day at least.

 

[trading_jean]

It's the body of the candle that makes the definition

Ah OK, please ignore my post. Or better, completely forget it and never mention it again.

 

[Big AAPL]

lol...it's all a matter of interpretation. I could be dead wrong...but that is what I see

 

[Gaslight Capital]

I'm assuming you are looking at RTH charts because my 24 hr CQG chart is actually showing an outside day...and a bullish engulfing daily candle to boot

I have four feeds and none show 10/7 daily having a lower low than 10/6 on the Globex ES. CQG is not one of my feeds. I never liked CQG.

EDIT: Just saw your chart. CQG starts the new day at 4:30 Eastern instead 6:00 PM from the looks of it. I believe most algo's will be trading tomorrow as though today were and inside day.

 

[vanzandt]

These rallies are great opportunities for conservative stock traders to unload to go flat, this being October + elections around the corner.
Volatility expecting, can be too much for some so they feel safer sitting on the sidelines until Santa.

I caught a 4 pound bass tonight. Just f'n around and I tossed a rubber worm out. First cast! The wind had blown the algae off to one side of the pond, so I cast out there while shootin' the sh*t with with some buds.

BOOM.

Ya know, when you hook into a fish like that... at least for a few minutes, every problem in the world disappears.

I threw his fat ass back of course. I'll get him again later.

 

[ElCubano]

I caught a 4 pound bass tonight. Just f'n around and I tossed a rubber worm out. First cast! The wind had blown the algae off to one side of the pond, so I cast out there while shootin' the sh*t with with some buds.

BOOM.

Ya know, when you hook into a fish like that... at least for a few minutes, every problem in the world disappears.

I threw his fat ass back of course. I'll get him again later.

Because ya living in the moment when that reel spinnin’ .

 

[formikatrading]

Not trying to be a pain here but while I guess you can say the candle is engulfing, technically it's not a classic bullish engulfing pattern because you're not reversing a downtrend.

Contrast that with IWM on 9/25.

I'm assuming you are looking at RTH charts because my 24 hr CQG chart is actually showing an outside day...and a bullish engulfing daily candle to boot

 

[Overnight]

I caught a 4 pound bass tonight. Just f'n around and I tossed a rubber worm out. First cast! The wind had blown the algae off to one side of the pond, so I cast out there while shootin' the sh*t with with some buds.

BOOM.

Ya know, when you hook into a fish like that... at least for a few minutes, every problem in the world disappears.

I threw his fat ass back of course. I'll get him again later.