ES Journal - 2023/2024

[schizo]

Doesn't that look like a head of a bull?

 

[schizo]

Trust me on this one. 2023's gonna be a shitstorm, probably the hardest year to trade IMO. Both bulls and bears will get chewed up and spitted out.

Anyway, this is exactly what I meant by a chop fest. You might be right on your calls but, unless you have a 50 point stop, they're gonna shake and spit you out (see the above chart).

Long 4002

stop 20 handle

You fired!

 

[formikatrading]

So far, it's been a case of where is the path of least resistance.

Anyway, this is exactly what I meant by a chop fest. You might be right on your calls but, unless you have a 50 point stop, they're gonna shake and spit you out (see the above chart).



You fired!

 

[speedo]

 

[speedo]

Now 38.2 extension tgt

 

[schizo]

Now 38.2 extension tgt

I dunno. I ain't much a Fib guy. But speaking from a psychological point of view, when you ask yourself WHY and WHO (more importantly, FOR WHOM) they took the market down in the overnight session, you should know where we will be heading.

 

[speedo]

I dunno. I ain't much a Fib guy. But speaking from a psychological point of view, when you ask yourself WHY and WHO (more importantly, FOR WHOM) they took the market down in the overnight session, you should know where we will be heading.

All I know is if I take my signals more of them will work than don't and pay better when they do than they cost when they don't. As far as the zone targets go, we usually see reactions at the levels which are caused by institutional algo's. As long as they consider them valid...I do. In short, as a day trader, I am more concerned with what rather than why.

 

[Master Pu]

I closed my position here

 

[chillibean]

short 4015

 

[speedo]

18 is 50% ext tgt, does it get there?...who knows but clean swing trail stops from the zone entry