ES Journal - 2021/2022

[Big AAPL]

I never look at this thread and now I know why

Why? Because it has real time callers that are not afraid to admit losses and wins in real time?

 

[JackMorgan]

Why? Because it has real time callers that are not afraid to admit losses and wins in real time?

why are they fading a hard on market today ?

born yesterday ?

 

[JackMorgan]

see a resemblance ?

 

[formikatrading]

Yep -- Wall Street climbing the wall of worry.

I feel like we are getting the same now of what we were getting all the way up from the Covid lows. A whole lot of people looking to get short expecting prices to eventually head lower or retest.

I see a graveyard of shortsellers incoming.

 

[formikatrading]

Yes -- Right now, a rip roaring market is still unfathomable to most.

Or just keep right on running.

 

[Relentless]

Yes -- Right now, a rip roaring market is still unfathomable to most.

The problem is too many traders / investors let their psych get in the way. "Inflation is too high." "The Fed is blah blah blah". "Recession is coming."

We have to be going lower - or retest at the least... Actually no we dont.

This is why charts are king. They remove the rest of the nonsense.

 

[formikatrading]

No doubt. What's already "known" is already factored into the market. I actually created a few "market laws" which I talk about when I teach behavioral finance -- one of them is essentially this -- If you can't find a reason for the market to go up, then it has to go up.

The problem is too many traders / investors let their psych get in the way. "Inflation is too high." "The Fed is blah blah blah". "Recession is coming."

We have to be going lower - or retest at the least... Actually no we dont.

This is why charts are king. They remove the rest of the nonsense.

 

[NoahA]

The problem is too many traders / investors let their psych get in the way. "Inflation is too high." "The Fed is blah blah blah". "Recession is coming."

We have to be going lower - or retest at the least... Actually no we dont.

This is why charts are king. They remove the rest of the nonsense.

Agreed. But we just crossed the 50% retracement, so technically, it's a great area to short. Maybe some traders want to see a short set up in what way a setup looks to them, but now that this uptrend is sooo obvious, it's generally the worst time to jump on board.

 

[easymon1]

https://www.elitetrader.com/et/threads/charts-for-no-reason.344272/page-31#post-5656479

 

[SammyJ]

Shorted 50 Es at 4300 . You never see me post trades . It dilutes your credibility when you post this , this , this all the time .Watch and learn .