ES Journal - 2023/2024

[Spectre2007]

the way the algo currently running in ES works, its designed to 'travel' price up with metered orderflow. Its designed to take it up by certain percentage before NY open.

 

[v-shape-0DTE]

You called Friday up. You called Monday up. You are an absolute train wreck. You should have a legal guardian.

You are such a joke. Ignore every right call and focus on the wrong calls. Cool man. I never called Monday up. I said it would start buying the dip. Done arguing with you.

 

[Laissez Faire]

the way the algo currently running in ES works, its designed to 'travel' price up with metered orderflow. Its designed to take it up by certain percentage before NY open.

This comment requires elaboration. The algo?

Just checking in after a few hours of sleep. Looks like it stalled after that 5300 push and failed breakout of that level. My hypothesis still looking attractive to me, i.e. back down to 5200 or more.

Let's see what the London Open does.

 

[theapprentice]

trying NQ L here

 

[theapprentice]

stop at 193
not looking great so far
we'll see

 

[Laissez Faire]

Shorted 81.75. Stop at 90.

 

[Laissez Faire]

The market opened up like 5% down this morning. If you are not buying the dip at that point, I don’t know what you’re expecting. It’s what I would have expected. People freak out and get all scared when it’s such a damn gift. Have you not seen the market the past 2 years. Sure it sold off, but all this aggressive dip buyers aren’t suddenly going away.

I didn't say anything about not buying it, buddy. The point I was getting at was that if it was a bargain at 5 % down, surely you must have thought it to be a bargain at 3 % down and maybe 4 % down, too?

That's effectively the difference between having a wildly profitable trade and blowing up your account.

If anyone was actually scared this morning and thought everything was suddenly different then you need to look at what you’re doing.

Did you trade during 2020? There were multiple limit down days exceeding 10 %.

I suggest you're the one who actually need to look at what you're doing and yes, you should be scared, because you put forth ideas, views and information that can be very dangerous both for yourself and others who might be reading. It's disinformation.

 

[theapprentice]

trying NQ L here

taking a BE stop here.

 

[Laissez Faire]

Shorted 81.75. Stop at 90.

Maybe I'm being stubborn, but I want my 80 point down move. Reducing risk to two points at 83.75.

If the 60 level breaks - it may be happening.

 

[Laissez Faire]

Lcok in 1 point and going back to bed. Maybe I should have taken the scalp profit here.