i think everyone is waiting for 5200-5400
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Of course you're waiting for that because you guys don't really intra-day trade at a high level. You use time, account size/position size and the natural bullish bias of major US equities as your way to turn a profit.
There's nothing wrong with that and it's smart. The issue I take is how you guys pretend like you can intra-day trade at a high level and offer your advice to people that are looking to actively intra-day trade. If you guys truly wanted "to help people and share" you wouldn't do that crap. It makes no sense to do that and it's disingenuous.
There's the high probability day trader setup completed. I have a runner on.
Have a great weekend.
This entire move months ago started from the WEEKLY going into a brand new buy signal, which shows a lot of large capital committed. That last push down we had looked decent and probably tricked a lot of people into thinking correction was coming. Since it got stuffed there's no where to go but up at least temporarily because now shorts are trapped again.
Also no person who manages retirement accounts, funds or even family offices will likely sell yet, if they miss out on future gains they look dumb. If the market crashes they can just feign ignorance "no one saw it coming" plus most of their colleagues will be in the same position.
So there's no reason to sell. I'll repeat it ad nauseam most "traders" and "investors" are using time and natural bullish bias of major US equities to turn a profit. That really is it.
Some people take it a step further to go more into trading by also using account size / position size with a little more skill than just buying and holding.
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L 5092
why, atr is 2.5, idk how one can make money today.