ES Journal - 2023/2024

[mervyn]

Any thoughts on the FOMC reaction today? Non-event?

as always, not friendly with all trapped traders

 

[vanzandt]

Maximum pain for the largest number of market participants.

Then a couple hours later, META earnings and possibility of a repeat (or the opposite mirror image) of yesterday's evening.

You're really getting the hang of this stuff.

 

[Picaso]

You're really getting the hang of this stuff.

Talk is cheap

Now I need to put on bigger positions

(I'll get there )

 

[schizo]

95.75 points off the lows without even a 10 point retrace (excluding the one just before the electronic close). Yes. Highly unusual. Maybe they cured cancer overnight.

If this opens gap up around 5530, I figure there's a good chance that this will just keep running.

Only problem: How the f**k do we deal with @v-shape-0DTE after today.

LOL, V-man is invincible.

 

[schizo]

Any thoughts on the FOMC reaction today? Non-event?

There was a leak. I guarantee it.

 

[c1rcle]

There was a leak. I guarantee it.

But does that mean it is being pumped ready for a dump? Or bought early?

 

[schizo]

Long 58

 

[schizo]

Long 58

Out 60

 

[Laissez Faire]

Part of the reason I asked about the FOMC reaction is that I'm contemplating if I should hold long into the release or not. Currently on my 3rd long at 51 since 10:55 and will stop out B/E.

If I'm 10 points in the money by the release I may take my chances. I'm up pretty big already today, so unless there's an instant 50 point zero liquidity drop like those early CPI releases, I should be good.

 

[Laissez Faire]

If we open around 5530 and it holds, it can happen...

Not trading advice.

View attachment 345323

27 points shy. FOMC can easily push it up there, no?