ES Journal - 2023/2024

schizo · Jan 30, 2023

Buy1Sell2 said:
A number of prominent financial experts at Bank of America, Barclays and other major firms are confident that the U.S. will avert a global market meltdown by continuing to pay its bondholders if the Treasury Department crosses the threshold where it can’t cover all its other bills. They think the U.S. can do so by withholding funds for things like benefits owed to individual Americans or payments to firms doing business with the government.

So the government will need to resort to screwing the elderlies from their social security benefits to pay off their debt. Great! I just love this country more than ever, now!

schizo · Jan 30, 2023

Laissez Faire said:
I'm still bullish here, though. I don't see us selling off today.

View attachment 305103

Well, we sold off.

But that's kinda expected once you touch the trendline, which we did on Friday. And I'm guessing we will get another day of selloff tomorrow down to 3982.

vanzandt · Jan 30, 2023

Cessna06P said:
A flock of black swans are air born, where will one land first?

Odds are it'll land on my portfolio the day I go all in long.

Bad_Badness · Jan 30, 2023

Done: 41 RT -1301 Had -2600 in a reversal whip saw. Probably going to disable that for Feb.

Oh and NEVER run two instances of MC on two brokers with the same strat. They collide in several ways in MC. Not really sure if I will debug it....

schizo · Jan 30, 2023

vanzandt said:
Odds are it'll land on my portfolio the day I go all in long.

Not to worry, I have your back covered.

Laissez Faire · Jan 30, 2023

schizo said:
Well, we sold off.

Sold off? Nah. Just a weak trend lower not going further than 15 points below the current LOD at the time. Of course a wortwhile intraday short was on the table.

I'm just happy I was able to contain and accept today's losses and not dig myself deeper into a hole when I was wrong. Progress!

Laissez Faire said:
4036,25 = last week's mid-point

4035,00 = week before last week's high

4029,50 = last week's POC.

Could be random, but today's LOD = last week's POC. Could mark out a LOW, but I'm not predicting anything at this point. Let's see where she goes by tomorrow.

Laissez Faire · Jan 30, 2023

Bad_Badness said:
Done: 41 RT -1301 Had -2600 in a reversal whip saw. Probably going to disable that for Feb.

Oh and NEVER run two instances of MC on two brokers with the same strat. They collide in several ways in MC. Not really sure if I will debug it....

If this is live money - why not do it with MES instead? Seems like a costly way to be learning.

vanzandt · Jan 30, 2023

Laissez Faire said:
Sold off? Nah. Just a weak trend lower not going further than 15 points below the current LOD at the time. Of course a wortwhile intraday short was on the table.

I'm just happy I was able to contain and accept today's losses and not dig myself deeper into a hole when I was wrong. Progress!

Could be random, but today's LOD = last week's POC. Could mark out a LOW, but I'm not predicting anything at this point. Let's see where she goes by tomorrow.

Sometimes the obvious eludes me lol... , what's POC mean again?

Bad_Badness · Jan 30, 2023

Laissez Faire said:
If this is live money - why not do it with MES instead? Seems like a costly way to be learning.

Thanks for the consideration. MES does not have the same inputs as ES for the system. So it is a no go. Although the dollar amount may seem large, the system amount is small. It is really not an issue.

spectastic · Jan 30, 2023

POC = point of control on the volume profile.