Imagine being short all day into that close.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Imagine being short all day into that close.
luckily for me I stopped going short (or at least only vary rarely) a good year or 2 ago lol!
Lot easier to buy dips and breakouts in something designed to go up
Imagine thinking the most bullish market in history will go down during 4th of July week.
Same play by play. They try their best to bring the futures down, but they can't and the market recovers and melts up and rips higher. Then they try a small dip, but that dip gets bought as people realize they can't bring this market down. Then it explodes to new highs, consolidates, chops and then again rips again to new highs.
It is not hard to imagine. Why don't you post your real-money trading log for this week?
How many points dip before you get in long ?
looking to cover at red line for +90 points.
Then HOPEFULLY get some sort of dip to get back in
Some people just don't get it. I keep reading the same dumb comments on repeat (not in this thread) and they've been going on ever since the market broke out last fall:
"Yeah, I'm bullish, but we need a retrace at least."
"This market is a ponzi. Crash coming any day now."
"This should retrace here." (market rallies)
"FED this and FED that."
"This is WAY overextended."
"The US economy is broken."
"Retail long is trapped here, this is a great short." (heard yesterday and the market rallied hard shortly after)
And so on.
Sorry, buddy, but the market doesn't give a shit about you and your opinions about this or that or how price should behave according to your flawed views. The market's going to where it's going to go. And historically, that's actually up in July most of the time.
Trading technically with no macro view really solves most of these problems.
By the time the market actually sells off (and it will at some point), these guys are no doubt broke multiple times over.
"Yeah, I'm bullish, but we need a retrace at least."
"This market is a ponzi. Crash coming any day now."
"This should retrace here." (market rallies)
"FED this and FED that."
"This is WAY overextended."
"The US economy is broken."
"Retail long is trapped here, this is a great short." (heard yesterday and the market rallied hard shortly after)
And so on.
Sorry, buddy, but the market doesn't give a shit about you and your opinions about this or that or how price should behave according to your flawed views. The market's going to where it's going to go. And historically, that's actually up in July most of the time.
Trading technically with no macro view really solves most of these problems.
By the time the market actually sells off (and it will at some point), these guys are no doubt broke multiple times over.
dow coming up to the top of the range.
Bears looking for a move back down to the bottom of teh range I guess.
I'd imagine we start to break out soon to put in a good move up.
If we breakup, i'd guess we go up 500 ym points towards 40000 on that chart (500 points being the range of the box)
Bears looking for a move back down to the bottom of teh range I guess.
I'd imagine we start to break out soon to put in a good move up.
If we breakup, i'd guess we go up 500 ym points towards 40000 on that chart (500 points being the range of the box)