ES Journal - 2023/2024

[Picaso]

Ya know, everyone thinks we'll get a sell-off on a .25 vs .50 rate cut. I don't know about that. See a .5 hints that things may be worse than expected. .25 means the plan is working and we're plodding along the intended course. I think I'd sell the initial spike if we were to get a .5, and buy the initial dip on the .25.

Now if he doesn't cut at all, uh-oh... all bets off and watch out below.

My money is (or rather, will be) on .25 cut, instant selloff, followed by a V (well) before the end of the week.

I see virtually zero chance of no cut (he already pinkie-swore it) and very small chance of .50, for the reason you already explained.

 

[Sekiyo]

Or just trade fewer cars, no?

You can’t trade less than 1ES
But it’s definitely enough if they allow MES.

50/4,500 is a bit more than 1% per ES point.

 

[vanzandt]

Long 95
PT 83
SL 23

The chart says we run into the close, my feeling is we're gonna drop. Into the close at least.

 

[nonpln]

The chart says we run into the close, my feeling is we're gonna drop. Into the close at least.

Nice you got both sides covered, make sure someone mentions something about the market staying flat as well though, than we can't be wrong no matter what.

 

[christhesquid]

The chart says we run into the close, my feeling is we're gonna drop. Into the close at least.

There's a small gap at 5597 (SPX). Need to bust through the 20 day to get there, though.

 

[vanzandt]

There's a small gap at 5597 (SPX). Need to bust through the 20 day to get there, though.

I show the 20 day at 5572.
?

 

[Laissez Faire]

1) Lamb and cabbage? Sign me up! My wife just told me if I give her the recipe, she'll cook it for me

Lucky guy! Just google "Fårikål" and you'll find your recipe. It's the easiest recipe in the world. Take it through Google translate:

Fårikål - Oppskrift fra TINE Kjøkken

Thanks, by the way.

 

[christhesquid]

I show the 20 day at 5572.
?

20 day (I use an EMA) is at 5620.

 

[Laissez Faire]

This is what I mean you guys and by you guys I unfortunately mean the majority of people on this website, you say and believe things that are incorrect. You fight it tooth and nail until it slaps you upside your face so hard you can no longer ignore it. In this case it's the prop firms, you pooped on them all the time, only to find out that the obvious is true. It's a great value and almost beyond ridiculous to risk your own capital(in most cases for most people, of course there's exceptions), particularly if you don't have a lot or enough of it.

This is just a segway into countless of other things people here say. It's 4 months or so later and everything I said was correct on my end. I've traded well since than, got better each month, as well as made more money each month as the months progress.

Meanwhile people here get so offended, when they are called out that they largely make money because the access to capital, company or team they are a part of. It's like what is the point of all this? It's obvious how most people on these boards are making money, yet it's some song and dance of people jockeying for position trying to fool people into thinking they have some great trading skills or some direct trading edge. It's incredibly disingenuous for some of the big guns here to give out there advice to other people looking to day trade, when they themselves couldn't produce if they were put in the persons shoes they are giving advice to. How much is a joke is that? Again some of them can't even actually day trade in that sense, their literally just relying on on other things to turn a profit.

No, this isn't be being jealous or salty, because I am doing well. It's the exact opposite actually. The better I do, the more I realize how disingenuous, ignorant and arrogant a lot of traders are. The better I do, the more it annoys me that people will sit here and defend some of the absolute garbage people say. Finally looks like I have some people that are serious about trading and willing to help me with coding, development and potentially in other area's. I've made all this progress with none of that help, so just imagine what can be accomplished now that I actually have some of the advantages the people here have.

I came on here to actually make connections and just met with non stop trolling and the people who aren't trolling are worst than the trolls because people actually look up to them and they have no problem either directly giving misinformation or being disingenuous about how they actually make money, just so they can be some big shot, regardless of who's expense it comes at.

Breathe, buddy. Focus on yourself and not everyone else.

 

[mervyn]

future instruments do pay dividends or interests, it trades on forward expectations.