ES Journal - 2023/2024

[schizo]

While I do think that we were/are way overbought, I don't think AI is all bubble, all hype. This is going to be transformative, not the BS chat bots, not the pie-in-the-sky AGI (Artificial General Intelligence => human intelligence), but the ACI (Artificial Capable Intelligence) that is within reach in many fields over the next few years.

I ain't arguing about the technology, which I also believe is here to stay (just like the Internet). It's this crazy market hype that knows no bound I have an issue with, and I'm pretty damn sure there will be a major correction coming. BTW nobody thought Tulip Mania was a bubble at the time. Only in retrospect.

 

[flash crash]

AMD earnings giving a pop/break to the NQ (up like 7% from the close)

NQ bounced to last week's low and stalled.

Let's see what tomorrow brings.

I was right last night but way early and even one NQ was too leveraged for me. I need to consider using MNQ's to swing overnight positions?

 

[Laissez Faire]

This is your bottom for a bit. Massive green candle tomorrow incoming, especially if it can survive the gap lower(without it making a V first). If you don't believe me candles matter, this needs a massive green candle to destroy everyone's puts and mess everyone up. I wish tomorrow wasn't a fed day. Absolutely hate that.

Wouldn't be so sure. ES/SPX did not yet take out last week's low like NQ/NDX. So far this year FOMC day closed red 50 % of the time.

Today was the chance to salvage July and it failed massively. It's still possible July closes green tomorrow, but I wouldn't hold my breath. I fancy a short overnight for a nudge below last week's RTH low tomorrow. The full gap below at 5384 may be too big an ask tomorrow, but you never know. Let's see if we can get at least a nudge below 5430 on ES.

 

[Laissez Faire]

NQ bounced to last week's low and stalled.

Let's see what tomorrow brings.

I was right last night but way early and even one NQ was too leveraged for me. I need to consider using MNQ's to swing overnight positions?

You had the right idea. Next time.

 

[poopy]

Short NQ, risking 1 to make 3, multiplied by 100's I left the notes I posted here earlier with my bullish profit target. I think I posted that just as NQ topped, rolled over, and played dead for the rest of the day.

Good chance that this is now a buying opportunity for you guys. Always remember that more money was made fading the flash crash than was lost during the 25 minute sell off.

I do significantly better day trading for small take profits and smaller losses than I do trying to hit these for swings. But dammit, the gambler's fallacy assures me that I'm due for a win.

View attachment 345211

How was this *right*?

You can’t make money until you stop deluding yourself.

 

[Laissez Faire]

Shorted 72. 4 point stop.

Already took a 5 point loss on a short on the Open. Just looking for a test of the lows at this point. Maybe I'm stepping in front of the end of month rally.

 

[v-shape-0DTE]

Wouldn't be so sure. ES/SPX did not yet take out last week's low like NQ/NDX. So far this year FOMC day closed red 50 % of the time.

Today was the chance to salvage July and it failed massively. It's still possible July closes green tomorrow, but I wouldn't hold my breath. I fancy a short overnight for a nudge below last week's RTH low tomorrow. The full gap below at 5384 may be too big an ask tomorrow, but you never know. Let's see if we can get at least a nudge below 5430 on ES.

The entire QQQ moved already made a V. LMAO

 

[poopy]

The entire QQQ moved already made a V. LMAO

You're long from QQQ from 475 last week. LMAO.

 

[Laissez Faire]

The entire QQQ moved already made a V. LMAO

That's a V? NQ is up + 0,13 %. Looks like a retrace at this point.

 

[poopy]

AMD had great numbers and MSFT rebounded on the CC. His entry doesn't matter. 6% loss in a week is meaningless. If the thing is up on the day he's won.