ES Journal - 2023/2024

[schizo]

Something else to consider. Three consecutive weeks of long tail seem to magically appear at the start of a new upswing. Go figure!

ES Weekly

 

[easymon1]

 

[schizo]

No, you just need to learn the concept behind Pareto Principle.

20% will see it while 80% will not. Or to put it more bluntly, 1 trap will be set up for every 4 blind traders. Makes sense?

 

[NoahA]

Something else to consider. Three consecutive weeks of long tail seem to magically appear at the start of a new upswing. Go figure!

ES Weekly
View attachment 303222

Excellent illustration!

 

[SunTrader]

Something else to consider. Three consecutive weeks of long tail seem to magically appear at the start of a new upswing. Go figure!

ES Weekly

3 out 4 in March as well, but the trillion dollar question is whether the buyers who came last 3 weeks have enough buying "ammo" to push higher? Past performance is no guarantee and all that.

 

[schizo]

3 out 4 in March as well, but the trillion dollar question is whether the buyers who came last 3 weeks have enough buying "ammo" to push higher? Past performance is no guarantee and all that.

Yeah, it's just an observation. Nothing is set in stone, so I leave you to your own devices.

 

[easymon1]

No, you just need to learn the concept behind Pareto Principle.

20% will see it while 80% will not. Or to put it more bluntly, 1 trap will be set up for every 4 blind traders. Makes sense?

That vid is for the prognosticators.
I'm a rules based trader.
The chart tells me in real time what's up.
Somewhere along the line this gem popped up
and is something to heed imho.
"To predict is for paupers, to react is for kings"

 

[easymon1]

No, you just need to learn the concept behind Pareto Principle.

20% will see it while 80% will not. Or to put it more bluntly, 1 trap will be set up for every 4 blind traders. Makes sense?

Yeah, I've had since new an now dog eared copy of Koch's book "The 80/20 Principle: The Secret to Achieving More with Less", hardcopy, lol. Quite familiar with concept and practice. Got one?

 

[easymon1]

The chart's gonna start talkin bout now boys.

 

[schizo]

I have a good feeling we will gap up and continue higher much of the day. The upside target should be around 4045-ish, so not much different from yours.

Prognosticator, that's me man

It gapped up lousy 4 points, but still a gap up nonetheless.