ES Journal - 2021/2022

schizo said:
That's the problem, it's not teachable. :)
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I think it's to some degree psychological, i.e., scars from the past. Back in the day I would fade trends a lot and lose a lot.

I've lost a lot of money shorting, too, so had to work with that as well, but now I'm shorting with ease. At least in this environment.

But fading a strong trend like today is not something I'm comfortable doing even if it's way overdone. :)
 
Laissez Faire said:
I think it's to some degree psychological, i.e., scars from the past. Back in the day I would fade trends a lot and lose a lot.

I've lost a lot of money shorting, too, so had to work with that as well, but now I'm shorting with ease. At least in this environment.

But fading a strong trend like today is not something I'm comfortable doing even if it's way overdone. :)
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Well, when I fade the top, I ain't looking for a major reversal. Just a small dip. Then reverse back to long.

But I don't recommend anyone doing this. Catching the top or bottom is not a winning formula in the long run. Most of the meat is concentrated in the center.
 
schizo said:
Well, when I fade the top, I ain't looking for a major reversal. Just a small dip. Then reverse back to long.

But I don't recommend anyone doing this. Catching the top or bottom is not a winning formula in the long run. Most of the meat is concentrated in the center.
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I need to learn it if I am to graduate from the advanced newbie stage. If not else in order to get better exits on my longs. :)
 
Surprisingly high odds for a red candle come tomorrow according to the statistical model. I'm thinking maybe we'll fill that gap at 3730 one way or the other.

If we open with a gap open in that area, maybe I'll be brave like @schizo and fade that... :)
 
Overnight said:
This action smells SO much like last Wednesday. Anyone recall what happened last Thursday? This is all just algos gone wild. Naked and exposed.
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We're now above the June low. Unless we sell off hard in the ETH, I'm feeling pretty bullish for what's to come tomorrow.
 
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