L 5450. 15 point stop. Limit sell at 5540.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Relax. The market is allowed to be volatile for the first time in 2 years. Nothing is that unique about any of the moves, aside that it's actually being allowed to happen. This is how volatility works. There are up moves and down moves. If this is allowed to continue you will see some awesome relief rallies, followed by even more aggressive dumps. There is nothing to be worried bout. If one can tune out all the noise, it's an incredible opportunity to make good money. Why? Because you get actual directional moves. it happens in waves and if you study past volatile markets you will see similar patterns play out.Can you just STFU for once about this V-reversal crap?
Pay attention to the price action. What is it telling you? It shot up in the AM (by 100 points!!) but then it literally cratered back down to where it began by the close. That should tell you we ain't getting a V-reversal for a while.
I'm very close to retiring from posting here. There's just too much bickering for my liking. Also no one has a clue of what's going to happen day to day (myself included). We are all just guessing. There's no reason to panic at all. Volatility= opportunity. Embrace it and make $$$. That is the end goal. The market structure is not at risk. There's nothing to get spooked out about. Market is going to market.
Yes, the bull market for now is over. There will be aggressive rallies thrown in the down trend, but we might not make new highs for some time. Yes, I admit that I was wrong in that I didn't believe they would actually allow the market to ever be volatile like this again.
What?? You're bailing out on us just when it's about to get fun? Don't do that.
So you like volatility, eh? Well, stick around and let me and others show you what a real bear market looks like.
I get it. But don't do it!
It's the set-in-their-ways people that make ET an enjoyable resource. Even this threads' OP, B1S2, falls into that camp.
Mostly yes, I'm here to chat and vent a bit because my wife has zero interest in anything market-related and I don't have a cat
But occassionally someone drops a golden nugget. Just put on ignore the rude ones.
Where do I get my refund?
Hey where'd we get the reversal at today on SPX? 5391 lol?
And didn't I say... "beware?"
Donate the refund to charity Beck... maybe ON's halfway house.
Don't do that. I see a glimmer of talent in you. That's why I put you on follow a couple weeks back.
ET is a tough audience, it takes awhile for people to get used to you. Once you get past the hazing, you'll be fine. Just nix the "I know everything" bit... because you don't.
ES 5462 is a level I've been watching and continue to watch. No position in it here. I'd be long if I had a set up entry above or at it, take profit at 5530. I'd be short with a set up entry below or at it, take profit 5400.
