ES Journal - 2021/2022

Ok. I could be way off….. BOJ wants to defend the yen. So BOJ sells US treasuries to buy yen to prop up their currency. Yen up ; treasury price down; treasury yield up; ES down. Right?

japan is in rough shape. Deflated currency ; capped out government debt yields; serious inflation.
Yeah, I get that. But what's that got to do with US equity? I thought the inflation was already baked in to it.

Anyway, I'd like to think (along with @vanzandt) this is a trap. We'll find out in a few hours.
 
This dip is a gift. For tomorrow that is.
I hear ya. I too think the bulls are intentionally setting this up as a trap. I'll probably reverse long at around 3800. We're pretty close anyway. Currently at 3814
I'd like to think (along with @vanzandt) this is a trap. We'll find out in a few hours.


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Took some significant pain by adding all the way up to existing position ... Gifted with that blow off top/ Hangman paid off in Spades.... Covered 3/4 here at 3875.... Last 10 cars to run....
Trailer set at 3931.....

Heavy Heavy.........

Resting buy limit covers hit 5x @ 15.50 & 5x @10.50 on the overnight… currently flat…. Will look to renter shorts on anticipated holiday spike!
 
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Longest hold period of the year at nearly 5 weeks... from 11/15 entry date.... was also most profitable by staying with my conviction....Missed resting buy limit Long at 3800.50 on over night session.

Anticipating potential IHS on the 15/30 min... may give us a Pop here heading into Fridays session!

~Merry Christmas & Happy Holidays All !!!
 
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