Executive order stimulus signed by President. Let the fun begin

Spooz Top 2 said:
You say you’re a futures trader that posts on the ES forum regularly.. deductive reasoning says that’s your instrument of choice...

Why would trading ES be “just crazy”? Ive been doing so successfully over 23 yrs now... If you can trade Spooz successfully.. then you can trade just about any instrument successfully...
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Hey a fellow old-timer, though I trade stocks/ETFs vs ES.

Question for you and other futs traders: isn't it especially hard to day trade the es for >6 ticks during narrow range choppy S&P days?

That's why I never got deep into es. At least with stocks there's gappers. Just curious bc I'm probably missing something.... thx
 
Overnight said:
Just crazy for me then. And I am a futures trades. Just because I do not trade the ES does not mean I cannot post on B1's ES thread. There have been plenty of other future instrument calls in the ES journal thread. B! does not seem to mind that bit, and so it continues.

Your deductive reasoning has failed you. My journal would have borne this out for you.
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Guess I`m just not the least bit interested in your journal.... easier to just answer a question than send someone fishing ....
 
vanzandt said:
Well, when you speak, the wise listen. Nobody's right 100% ... I had a feeling we'd be flat at the open.
I just got back, I need to look at a bunch of things.
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One interesting area is will Gold/Silver/Nat Gas and to a lesser degree Oil continue their strong trend last week, after dipping back some on Friday. If Silver holds $28, I think that's fairly meaningful, and the Silver stocks I follow and trade simply didn't move since Silver was $24. So something has to give soon.
 
KCalhoun said:
Hey a fellow old-timer, though I trade stocks/ETFs vs ES.

Question for you and other futs traders: isn't it especially hard to day trade the es for >6 ticks during narrow range choppy S&P days?

That's why I never got deep into es. At least with stocks there's gappers. Just curious bc I'm probably missing something.... thx
More...

Hey Kenny... Can be depending on entry... I feel the most important aspect to a trade is the entry as that dictates the entire trade, imo...
That said, The ES is completely counter intuitive, even more so than regular trading set ups, as its almost geared to trap you if trying to trade breakouts... I always enjoyed the scalping side of a range as I see it as a license to print money... 2-4 handles for me is a scalp... knowing the tricks & variables helps out to as is being extremely patient, just as when it look like your limit order won`t get hit... if you`re patient enough, you will get that quick kiss right at your limit.. fill you & reverse....
Just like 6;26 tonight... kept my buy limit at 3335.25 & refused to chase... on the 5 min... it dipped picked me up & reversed for a risk free trade for 4 Handles/ Points.... at 39.25
 
Spooz Top 2 said:
Hey Kenny... Can be depending on entry... I feel the most important aspect to a trade is the entry as that dictates the entire trade, imo...
That said, The ES is completely counter intuitive, even more so than regular trading set ups, as its almost geared to trap you if trying to trade breakouts... I always enjoyed the scalping side of a range as I see it as a license to print money... 2-4 handles for me is a scalp... knowing the tricks & variables helps out to as is being extremely patient, just as when it look like your limit order won`t get hit... if you`re patient enough, you will get that quick kiss right at your limit.. fill you & reverse....
Just like 6;26 tonight... kept my buy limit at 3335.25 & refused to chase... on the 5 min... it dipped picked me up & reversed for a risk free trade for 4 Handles/ Points.... at 39.25
More...

Hey thanks and congrats on the trade. Sounds like trading vix etn UVXY, it's best traded off pivot lows, bc breakouts reverse, best to "buy the dip, sell the rip" .... in a sequence of trades.

Thx, your points make sense
 
Nine_Ender said:
One interesting area is will Gold/Silver/Nat Gas and to a lesser degree Oil continue their strong trend last week, after dipping back some on Friday. If Silver holds $28, I think that's fairly meaningful, and the Silver stocks I follow and trade simply didn't move since Silver was $24. So something has to give soon.
More...

Re silver check out 90day SLV chart, not an AMD or OSTK but still wow.

Re crude new headline Saudi cut
https://www.msn.com/en-us/money/markets/saudi-arabia-turns-off-america-s-oil-taps-again/ar-BB17KnvY
 
Even a dumb redneck like me figured it was all theater, my neighbors fought in wars to uphold the Constitution, not a dictatorship with unchecked Executive Orders. Some States my buddies are in are hurting, their pensions like Kentucky are not well funded so who is paying the extra unemployment and rents needed so landlords don’t go bust? https://www.cnbc.com/2020/08/09/stock-market-futures-open-to-close-news.html McConnell supposedly represents Kentuckians and Kentucky already had the worst-funded state pension system in the nation—only 16% funded—before the COVID-19 market meltdown“ Forbes
 
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