ES Journal - 2023/2024

BeautifulStranger said:
Imagine there is a invisible object in front of you. It starts to rain lightly. You can't see the object, but you notice that some drops seem to be deflecting in a weird way. It starts raining harder. Now you are sure rain drops are deflecting weirdly. This is like tape reading ES for me, not that I try it often or that it always means an immediately actionable signal is at hand.
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Imagine you are ready to take action on what seems to be an object deflecting the drops and then the object disappears because someone kicked it down the road.:D
 
formikatrading said:
Do you feel better now that you got that all out?
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Predictably, you deflected my questions.

You should rather take a deep look in the mirror and ask yourself why you feel the need to be condescending and lecturing towards others.

To be clear, I have zero issues with people getting it wrong, but I have a big issue with people being condescending and critical towards others.

When it's done by people who haven't proved they know any better themselves it's an even bigger issue.

Thank you and good luck to all.
 
Laissez Faire said:
Can you give an accurate real time demonstration next time or show us your trading statements for yesterday where you read and traded the tape in advance of the news?
Monday morning quarterbacking and a condescending lecturing of others gets really annoying when your own calls are usually off mark.

Your last lecturing remark was towards mervyn (who have done some remarkably contrarian short trades when everyone was bullish) on the 16th of February where you said to him, "You do realize we're in a bull market now?"

That was very near a market high and the market dropped nearly 300 points following that comment.
Apparently, reading the tape isn't that easy after all.

Thank you.
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LOL\ mr LF,maybe i should not reply to a tape readingcomment , sure not easy;
:D:D
But since you asked about ES;
barchart rates it a16% buy, wow that's not much in a bull market, with SPY above 50dma + 200 day moving aVerege.
One trade means not much, but my SPXS related trade, usually profits a bit\ ripped me much worse slippage this week, than average.
SPXS is rated 80%+ sell 100% sell med term.
SH is rated 72% sell.
SPY is rated 56% buy, by barchart .
Say next 50,make it 55 days. [I rate SPY a buy better than 56%; but i tend to trade SH , soemtimes SPXS some, even when my ETFs longs make money......................
I would not mind losing $3,333a day[about a million per year net] in ES; as long as i could average more than that. I trade SPY+ SH and related more ES or SPXS
 
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