The prior ADP and jobless claims have been close to non-events.
Will today be different?
Will today be different?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Well its starting to look like the catalyst for the Nvidia sell off was fake news, i.e. no BOJ subpoena after all. So maybe people will look to buy?
Also, while this week is typically a down week, I believe with the context of the +10% performance between Dec to Aug, that changes the probability (0.68) to being a positive week. Plus I heard a rumour of some big leveraged buying yesterday, but that could be nonsense.
Out of the 22 years of the last 50 where the year was up 10%+ from Dec to Aug, for this week 15 out of 22 were up.
Everything came in more or less in line with the consensus. Is that considered good in this environment? Probably not.
I'd show the Tradovate chart but I am embarrassed to confess that I allowed myself to get sucked into trading NQ, that temptress. Somehow managed to escape with what would be a very satisfying day's ES profits.
Trading plan? Hell no
Stick to process? Stick that process up your you know what.
Yeah. Screw that.
I blame covid.
And Skynet.
Switched to global sim and no more real trades for me today. The only thing I can be happy about today is that I do seem to have decent enough instincts to catch on when a wave is coming and I need to turn my board around and get on it. But had quite an equity swing. At one point I was down over $1K.
Amazing how fragile my discipline is at times.
Good trading to you all.
But I thought we were in September.
Also what do you mean by 15 out of 22 were up? 15 sectors?
But I thought we were in September.
Also what do you mean by 15 out of 22 were up? 15 sectors?
So in the years where the S&P had been up 10%+ between Dec to Aug, 15 out of the 22 1st weeks in Sept were up, according to Wayne Whaley. 2nd week is bad, 3rd week is good, and the last week is apocalyptic.
You're joking or you don't actually know?
It seems like a modern version of mIRC if any of you old guys remember that one. I know my nephew's been using it mostly for gaming and staying in touch with other gamers. Seems very popular among the young crowd.
I only registered because a Norwegian financial podcast I listen to have a dedicated server I wanted to check out.
Mostly, it's a waste of time like anything on the internet. LOL.
Spent more time than I care to admit on EFNet.
