ES Journal - 2023/2024

Laissez Faire said:
Yeah. I feel fairly confident we don't sell off today. At best a new LOD and then we snap back up. I don't think it's the day to be short.

Just not sure we're going to see any juice higher either. Could very well close in this area.
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what gives you the confidence we won't sell off?
 
spectastic said:
what gives you the confidence we won't sell off?
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Statistical model + range bound action + thick support below the LOD + trading green at the moment + intuition/experience.

I'm not extremely confident, though, but it would be mildly surprising to me today. Just as surprising as a new HOD would be (also unlikely from my POV).

If I were to guess, we'll see a push higher or lower and close about where we're now (80).

I hope I'm wrong about the unlikely new HOD, though, as I'm long... :)
 
Spooz Top 2 said:
Bitch boy, Noah butt hurt, because he sends me an ass kissing private message, and I refused to help you… now you complain because you won’t get live calls from me?

I’ve made more live calls here than you have posts…. over the last 19 years!
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Did I message you? I don't remember honestly.

But why would I need help? It was obvious we were going to sell from the opening print today in order to fill the gap. Then we would drop below the overnight low to clear out some stops and start grinding higher. Also, the 61.8% fib was there around 4166 where we bottomed, so that gave the signal to start closing shorts and going long. Easy day actually. Did you make any money today?
 
spectastic said:
what gives you the confidence we won't sell off?
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Looked weak for a moment there, didn't it? Let's see if the range low holds or not.

Got the move out of this range. Unfortunately, the wrong direction for me.

Range bound days are my achilles heel. That is, I can buy a low with ease, but selling a range high is a hard trade for me to take. Scars from the past decade, maybe.
 
Laissez Faire said:
Looked weak for a moment there, didn't it? Let's see if the range low holds or not.

Got the move out of this range. Unfortunately, the wrong direction for me.

Range bound days are my achilles heel. That is, I can buy a low with ease, but selling a range high is a hard trade for me to take. Scars from the past decade, maybe.
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back in the range, little shake out that got absorbed rather quickly. good sign for bulls imo
 
Drawdown today. Got stopped out for a loss on that spike down honestly thinking we wouldn't drop another time, but I had confidence buying this dip for reasons outlined above.

I'm happy if I can get 85 here to make it a green day, but I'm not holding my breath. I do think we're done below now, though.
 
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