ES Journal - 2023/2024

[Zwaen]

Even V-shape-0dte stopped making posts on how this market is going up, it just can't reverse for more than 0.5% etc. And I must admit, I kind of miss your posts V-man

 

[v-shape-0DTE]

Even V-shape-0dte stopped making posts on how this market is going up, it just can't reverse for more than 0.5% etc. And I must admit, I kind of miss your posts V-man

I appreciate that. I just made a large post explaining why the Q's are going to 500.
Yeah there's maybe at best a mini 1.5-2 day pullback this month, but no reversal or end of the bull market happening. It's not running out of steam. Things are about to get crazy. I know this is for ES or SPY, which won't return the same upside of QQQ, but still same idea (just less of a move).

 

[Overnight]

I appreciate that. I just made a large post explaining why the Q's are going to 500.
Yeah there's maybe at best a mini 1.5-2 day pullback this month, but no reversal or end of the bull market happening. It's not running out of steam. Things are about to get crazy. I know this is for ES or SPY, which won't return the same upside of QQQ, but still same idea (just less of a move).

Will we have a re-enactment of Nov 2016, or Nov 2020 this November?

Place your bets? It is only 5 months from now, and there's many a slip 'twixt the cup and the lip.

 

[Laissez Faire]

Holiday week coming up. Man, you Americans have holidays all the time. LOL.

I would guess sideways and higher (new highs) this week, too. Maybe that gap below (5384) can be filled, but not necessarily, IMHO.

 

[Relentless]

Holiday week coming up. Man, you Americans have holidays all the time. LOL.

Generally speaking the U.S. lives to work while the rest of the world works to live.

We need those extra holidays

 

[mervyn]

not sure up or down next week.

 

[theapprentice]

naughty but took a new long on the spreadbet account.
I'm not gonna average in on this one. Just a tiny position to hold for a while, as i'm guessing 20k is guaranteed
They always get their numbers (like '5k es' when everyone was talking abot it, and now it's '20k nq hats' everywhere lol)

View attachment 342266

casino is open.
Will see how we're looking tomorrow
Just gonna hold this one in the background and wait for 20k nq but go back to the tradovate account for daytrading this week I think

if we just rip up everyday i'll stay flat on the tradovate account and wait until this trade hits profit target. Not gonna chase longs on that account. Want a little dip to grab longs on that one is the plan

happy hunting

 

[schizo]

Short 5501
SL 5506

 

[mervyn]

Short 5501
SL 5506

sep contract?

 

[schizo]

sep contract?

Yup.

And speaking of which, let me kavetch about CME while we're on the topic of rollover. As I see it, there's zero reason why we need to roll over every damn quarter. Well, I know why it's good for them, but it's completely pointless for us. I wish they would learn from Bitcoin and go with the perpetual futures model, at least for the index futures, which settles in cash anyway. If there's no delivery involved why the eff do I need to close and reopen my position every quarter? Greedy bastaz, ggrrrr...