ES Journal - 2023/2024

[vanzandt]

It's fun to read the day's posts with the luxury of hindsight.

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

View attachment 303583

From 6:00 on it looks like the Loch Ness monster to me

Speaking of redundant, I thought you were going to talk about this issue with your therapist.

They're still working on that driver obsession.

Btw... Whatcha shoot yesterday B1?

Long to 4k

Nailed it.

I think the HOD (overnight high) is already in. We'll just chop around until the close. As previously stated, this will be the new norm for this year IMO.

GOooong.
Today was one of those "push the opposite button" days... in the last 2 hours for sure. It worked.

You fired!

Lol... as I move chronologically up the threads... I see the light came on.

The No-Script extension on my browser blocks whatever this is... but if everyone else liked it... "like".

I closed my position here

And a thing of beauty it was.
I'm surprised you didn't hold on though. That last 30 minutes was a rocket.

I say we go up to 4025.

See the above.

boom

Stoney's in the house.

Again, this is the @vanzandt approach here. The easy thing to do was to sell or argue with the market. The hard thing was to hold your longs and hold your nose and buy more on the dips.

Yowsa...!
scroll a few quotes up.

"I make most of my money by sitting" ....Jesse Livermore

"Sitting... The new smoking"

Well, Schizo you came in at the 61.8 ish fib area!!!

Speaking of Stoney... he didn't post again today.

I agree, personally could never find good use of them, .

Ahhhhhhhh, It depends on the timeframe. They do work.

Because it works for me.

See there Master Pu... it works for Speedo too.

Good holiday weekend to all

Humbug. As I stated earlier, 3 day weekends suck.

Watch out for FOMOs on Twitter

Just one more data-set when evaluating the bigger picture.
That weight (>>>usually) goes to the left side of the scales.

------------------------

Welp, there's today's summary.
For real though... I hope each and every one of you kill this stuff.
And if you don't, well at least get something worthwhile out of it.
Never forget... you can lose tons of money playing a stupid game... but the real winners... will still come out ahead.
-vz

 

[Master Pu]

Nice mojo in the room recently, fab!

 

[schizo]

GOooong.
Today was one of those "push the opposite button" days... in the last 2 hours for sure. It worked.

What you been drinking bro? That post was from the Thursday session, and we did chop. Just look at that chart. Abomination.

 

[vanzandt]

View attachment 303644

What you been drinking bro? That post was from the Thursday session, and we did chop. Just look at that chart. Abomination.

View attachment 303645

Lol..... it's not me.... it must be the browser.

 

[mervyn]

happy weekend

 

[Laissez Faire]

Never mind the Fibs. Personally, I only like the 50 % (which some may argue isn't even a Fib).

This trade seems too obvious, now. So, maybe it won't play out.

Update by end of week.

Personally, I got chopped up on that pullback to the top of the range.

 

[schizo]

What's the trading schedule for Monday? Is the Globex even open tonight?

 

[Laissez Faire]

With the market stuck in a range lately and attempting a breakout at the end of this week it will be very interesting to see if we can get continuation higher or revert back into the range with a possible breakout lower.

Basically, I will be looking for continuation higher or a reversal back in range.

If, however, we should trade higher, it seems to me we're running into some serious resistance around that open gap at 4029,25. There's the 200-MA and a long term trend line in that area.

End of week update on the daily chart.

We did get a breakout of that range and traded up to that level, but first a pullback to top of the range.

Okay. Actual high was 4024,25, so 5 points shy.

So, where to from here...?

 

[schizo]

Update by end of week.

Personally, I got chopped up on that pullback to the top of the range.

View attachment 303805

Why is yours and mine so different?

 

[schizo]

So, where to from here...?

We've already made 3 touches in the past. This time (the 4th touch) has a HIGHER LOW, which we've not had (not even once in 2022). So whatcha think?