ES Journal - 2023/2024

Cessna06P · Jan 17, 2023

Pardon me if I don't bow down.

schizo · Jan 17, 2023

Overnight said:
That is irrelevant, because according to most people on this forum, fundamental analysis is bunk, and only TA matters. So your pretty little central bank move had no impact on the markets. The sudden shirk-and-jerk move over 3 minutes was purely TA. Yep, that's all it was.

Dude, all I'm trying to do is find why it moved. Nothing else. Don't you wanna know the reason?

But, other than that steep drop last month, I don't recall ES reacting like this in the overnight session to the announcement coming out of BOJ. Maybe times are changing after all.

Buy1Sell2 · Jan 17, 2023

Cessna06P said:
what just happened? errrrrrr

Pajamas/Underwear----Mom's basement. At least it's in the direction of the trend.

Buy1Sell2 · Jan 17, 2023

Cessna06P said:
Ok I'm a wimp, but goes up20 points right after I was stopped out of a long position. Ever been frustrated?

Was the stop inside the noise?

Overnight · Jan 17, 2023

schizo said:
Dude, all I'm trying to do is find why it moved. Nothing else. Don't you wanna know the reason?

But, other than that steep drop last month, I don't recall ES reacting like this in the overnight session to the announcement coming out of BOJ. Maybe times are changing after all.

Of COURSE the markets are on edge. The entire global economy is shitting bricks because of the tightening schedule. The markets are going to follow Powell's lead over the long term.

In the short term, it is ALL ALGOS. In the long term, it is the USA central bank. In the aggregate, the ES has made some spiky moves in the ON session over the years. Trust me on that. You just have not seen them.

And I bet that this current move will smooth out in the morning before the PPI, and then puke after PPI if the number is off-kilter.

Cessna06P · Jan 17, 2023

short 4017.5

schizo · Jan 17, 2023

Overnight said:
Of COURSE the markets are on edge. The entire global economy is shitting bricks because of the tightening schedule. The markets are going to follow Powell's lead over the long term.

We have way too many economic craps. Just keeping up with all the economic numbers coming out of the US is enough to drive me crazy. Do I now need to follow BOJ too?

schizo · Jan 17, 2023

Cessna06P said:
short 4017.5

21 will likely get retested. Anyway GL.

Cessna06P · Jan 17, 2023

so far so good

Overnight · Jan 17, 2023

schizo said:
We have way too many economic craps. Just keeping up with all the economic numbers coming out of the US is enough to drive me crazy. Do I now need to follow BOJ too?

Nope, that's a one-off. Don't freak out about it.