An equal pullback now, will sit out this evening.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
I guess when this market just goes up, people stop posting in this thread. 
I guess when this market just goes up, people stop posting in this thread.
just made 20 points today from 4 trades, all from the morning, hard to get a feel good entry. now gap up to 4518, can you go long?
Good deal. I have just been sitting on my long positions from the last couple of weeks, for the most part. Trying not to overthink this!
You are correct, any dip will be bought. Play the game.
I've been holding it for 6 weeks from 4510. Dares don't work on me.
I felt you, have 4514 in my larger account, been selling fop covered calls last few weeks to lower the costs.
I guess when this market just goes up, people stop posting in this thread.
Was a good call on your part Formika! Glad you did well and hopefully Overnight can escape the collateral damage he was undergoing.
That being said - now isnt the time to be buying / adding. You may be able to ride this move higher but were it me - I'd be taking some profits. It is still my belief that even if we move to new ATH here which is probable at this point - I'm of the view it will be short lived.
I think even more longs will get caught with their pants down here back above incoming ATH than those that bought the dip during the 2nd / 3rd week of Sep. I'm not suggesting it was engineered - just my expectations upon analysis.
Ultimately we are still headed lower over the coming months towards previously expected levels.
Just keep that vol coming!