ES Journal - 2023/2024

schizo said:
Man, you need to fire that algo. It's not doing its job correctly.
More...

It's been consistently wrong on every call on this thread. Okay. Maybe he got one out of ten right, but certainly far worse than a coin toss. Incredibly, the same guy is bashing TA/PA every chance he gets.

Seeing that he's now bearish and a lot of other people starting to become bearish, too, I'm wondering if it's time to start going long.

Because as everyone should know by now - this market have people getting bearish at lows and bullish at highs... :)
 
I think that surge in nasdaq was nvda earnings. for whatever reasons, their announcement came way late in the day. surprising to see it having such a big effect on the market though, maybe because liquidity is lower the further you get away from RTH
 
Mickey Mouse called the top.

200 points lower he's finally getting bearish.

Is he now calling the low...?

Stay tuned... :)

PS: The only reason I'm giving him a hard time is because he's constantly criticizing every other method and because he blocked me for no real reason saying I'm full of shit and totally clueless. If he corrects his behavior and asks for forgiveness, I'm ready to become friends again. :)

upload_2023-2-23_0-9-56.png
 
Laissez Faire said:
You have to be really creative and hopeful if you're going to keep saying it didn't already fail when it failed yesterday. :)

Of course, the market can trade back up there from here and breakout, but surely the bull flag is no longer existent?

If you want to get really creative one could argue that there's a larger bear flag that's been building out for a while now.

View attachment 307057
More...
It's all how you draw the lines----- er hehe. Anyway, I wouldn't be using it for trading until we got above the top line.
upload_2023-2-22_17-9-0.png
 
Last edited:
Buy1Sell2 said:
It's all how you draw the lines----- er hehe. Anyway, I wouldn't be using if for trading until we got above the top line.
View attachment 307061
More...

The ony problem here, buddy, is that the lower line was drawn today. Your bull flag didn't look like that by start of this week. If these lines are to be used or trusted, we can't be fitting them as we please, can we?

I think they are more indicative than precise, though.

If I had deep pockets going long from here doesn't seem like the worst trade you could take for a swing long. We came into major support here and the short side is getting crowded.
 
Laissez Faire said:
The ony problem here, buddy, is that the lower line was drawn today. Your bull flag didn't look like that by start of this week. If these lines are to be used or trusted, we can't be fitting them as we please, can we?

I think they are more indicative than precise, though.

If I had deep pockets going long from here doesn't seem like the worst trade you could take for a swing long. We came into major support here and the short side is getting crowded.
More...
It was a joke. Definitely doesn't resemble a bull flag anymore. However, since there is cup and handle prior to it, I would still trade a breakout higher from the pullback.
 
Laissez Faire said:
The ony problem here, buddy, is that the lower line was drawn today. Your bull flag didn't look like that by start of this week. If these lines are to be used or trusted, we can't be fitting them as we please, can we?

I think they are more indicative than precise, though.

If I had deep pockets going long from here doesn't seem like the worst trade you could take for a swing long. We came into major support here and the short side is getting crowded.
More...
The issue with this pullback is really that there was no topping pattern especially on weekly and monthly and so I have to believe that we are still in a new bull market with 4800 by year's end. Charles Payne has been talking about The Street being upset that they missed the initial rally and would like to bring things down so they can get in. According to him, The Dumb Money was amking gains and that wasn't right since The Smart Money was not on board.
 
You must log in or register to reply here.
Back
Top