ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
60.25 to 50 cover, a pretty fast day. I am sitting out now. All indices are down 2%, probably will rangebound for now.
Yeah good shout. I cant see the SPX dropping below 3900 without a fight now.
maybe by tomorrow quad day or next week, not chasing. i see green candles now.
Agreed, I have left a medium sized short plus a couple of puts on just in case, but took off about half of my shorts.
I tend to disagree, but that's OK. I think the market gives the clues -- you just can't let your biases and views get in the way. That's where I screwed up back in September.
Well, you can just scroll back your charts and check out the last few CPI releases. Even if you had a stop in place there would be no liquidity for you to exit.
IMO, there are no "signals" or predictive price behavior during such price moves. Only blown accounts or people who got lucky and were on the right side of the market.
My view is that markets are predictable/orderly/technical most of the time, but once in a while chaotic as virtusa called it. Trading when the market is chaotic is gambling as they are unpredictable.
But if anyone here wants to post a chart of successful trading with entries and exits during such periods I may change my mind.
PS: Regular scheduled news releases are a different matter.
PPS: For years most news didn't matter as the world was flowing over with money. These days everything hinges on inflation and the next move from the FED. So, now these news matter a lot.
IMHO.
