ES Journal - 2023/2024

[flash crash]

I'm gonna shamelessly plagiarize that one

I feel I may already have done so. Be my guest!

 

[flash crash]

I made my +6 points early and I'm done.

I've do best by taking small bites and stopping when 80% full.

Both of these trades were longs following successful bull defenses of yesterday's high.

 

[Picaso]

I feel I may already have done so. Be my guest!

Oh, I see what you mean (Nathan Bedford Forrest), I'd never heard this quote.

 

[Sekiyo]

Long 615. Stop 605

 

[Laissez Faire]

Nice shakeout. Seems like I got positive slippage on that one. Re-entering long here, but not betting the farm.

See if we can at least test 30.

 

[Sekiyo]

Long 615. Stop 605

Out 623 +7

 

[vanzandt]

I wasn't trying to steal your thunder, VZ. I just saw some fresh takes out there and thought I'd share them. You were the firstest with the mostest.

Oh i didn't think that lol, I just like pointing out things i write when a feeling hits me, if they turn out right

 

[QTrader20]

Nice shakeout. Seems like I got positive slippage on that one. Re-entering long here, but not betting the farm.

See if we can at least test 30.

I see high chances of another big up leg on Monday or latest Tuesday.... not today.

 

[vanzandt]

I think we'll be north of 5600 by next week. I would say we'll make a run at 5700 SPX, and tbh that's really what I think, but that is really putting my neck out there.

Well we made 5600 spx, 5700 still might be a reach though.
Powell is conservative, and I bet if the truth were known, he doesn't want to cut yet. I think 50 basis points is out of the question, I bet we get the 25, but he says something like if he see's signs of things heating up, he'll reverse policy again.

If we do get close to 5700 between now and next Wednesday, that would be the time to sell for now. Unless we get close to there today. Then use 5734 next week.

 

[Laissez Faire]

LFG, bulls! I will only regret not being bigger now, but doesn't feel like a position to push the long side with size as I'm too close to the market and we're at the end of a big move already.

Stop at 20. Targeting 40/60.

If my stop is hit, I think I'll use the lock-out function on TST and take a weekend with a small green day.