ES Journal - 2023/2024

[theapprentice]

Tried Long at around teh close.
See if I wake up too a win or a loss.

Who's bullish?
That report by Adobe spooked the Naz, but look at it for what its worth. They had record revenues.
I dunno, but I would use tight stops if you're playing the bear side this evening.

 

[christhesquid]

One more attempt at a short.

Short 5 Dec micros at 5667.

Fundamentally and seasonally, I see no reason to be long.

Edit: Thoughts @tiddlywinks?

 

[vanzandt]

Fundamentally and seasonally, I see no reason to be long.

Are both not already priced in though?

Either way, the algo's could care less. Which direction will take the most amount of money from the most people in the overnight session? That's what you need to be looking at barring an unexpected news event. Overnight at least. On a night like tonight however... chop will get you. Bias up imo though.

You can play chop, but take the bunts when they come.

 

[christhesquid]

Are both not already priced in though?

Either way, the algo's could care less. Which direction will take the most amount of money from the most people in the overnight session? That's what you need to be looking at barring an unexpected news event. Overnight at least. On a night like tonight however... chop will get you. Bias up imo though.

You can play chop, but take the bunts when they come.

They aren't.

Also, holy shit. This forum is antiquated as hell. Discord anyone?

 

[schizo]

Fundamentally and seasonally, I see no reason to be long.

I'm kinda with you there. But I'd wait until after the FOMC meeting next week. It still won't be late to sell then and you'll likely get a better deal. Remember, buy the rumor (eg. rate cut) and sell the news (eg. that rate cut ain't enough!).

 

[schizo]

Also, holy shit. This forum is antiquated as hell. Discord anyone?

We're all old lazy bums here. Anyway, why don't you take a screenshot of the Discord chat and post it here. Give us a flavor of what's to be expected.

 

[christhesquid]

We're all old lazy bums here. Anyway, why don't you take a screenshot of the Discord chat and post it here. Give us a flavor of what's to be expected.

I'm 41. Does that put me in the category of old?

 

[schizo]

I'm 41. Does that put me in the category of old?

No, man, how long have you been trading? Unless you traded for at least 10 years, you can't be called an old geezer.

 

[christhesquid]

No, man, how long have you been trading? Unless you traded for at least 10 years, you can't be called an old geezer.

Since 12/08.

 

[schizo]

Since 12/08.

In that case, welcome to the club of cantankerous old farts! We fart trades here (along with a good dose of conspiracy theory), so you're definitely in good company.