ES Journal - 2023/2024

rb7 said:
Seems like you try to go against the tide!!

Maybe you should go with the flow instead of trying to predict what's next.

Just me 2 cents. I might be wrong.
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What made you assume I went against the tide? I just checked the market on my cell phone and was baffled by the strength of this rally.

I posted early this morning that I would be expecting 4120 today. I made three trades this morning. One long off the Open. One short trade that I scratched B/E and reversed long for a final long trade.

Took off the last trade on a trailing stop close to 4120 as I had to close down the shop, but admittedly, I did not expect we'd go this high today.
 
Relentless said:
200w.webp
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That's kind of rude.
 
Laissez Faire said:
What made you assume I went against the tide? I just checked the market on my cell phone and was baffled by the strength of this rally.

I posted early this morning that I would be expecting 4120 today. I made three trades this morning. One long off the Open. One short trade that I scratched B/E and reversed long for a final long trade.

Took off the last trade on a trailing stop as I had to close down the shop, but admittedly, I did not expect we'd go this high today.
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Most of your post today seems to point that you were forecasting the market to go down today.
But maybe I misunderstood your posts. Mea culpa if this is the case.
 
Master Pu said:
In my view, Tuesday's price movement is a bear trap that will likely result in an effort to surpass the 4172 level, and my anticipation is that there will be an upward trend aiming for a level above 4300. This surge is likely to culminate with Apple Earnings, implying that the market will surge to a new high on the Fed rate decision before dropping during Apple's earnings
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SPX 4137 so far today, bears had victory in sight, then came the slaughter, big cull though above 4200.
 
rb7 said:
Most of your post today seems to point that you were forecasting the market to go down today.
But maybe I misunderstood your posts. Mea culpa if this is the case.
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No worries. I did not post a timely forecast today as I some days to, so I get that it could sound confusing. Off the RTH Open I was strictly looking long targeting minimum 4115, but likely to be 4120.

After that initial thrust higher with 4115 out of the way, I was however not convinced we'd see more upside today, but reversed long again on the breakout bar at 11:25 and took profit at 4118 on a too aggressive trailing stop in hindsight.

While I do like forecasting, I never trade on that alone and need price to confirm.

Did you catch a piece of this?
 
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