ES Journal - 2019/2020

Discussion in 'Journals' started by Buy1Sell2, Dec 19, 2018.

Thread Status:
Not open for further replies.
  1. schizo

    schizo

    Isn't the depth in the DOM mostly fake?
     
    #20481     Apr 17, 2020
    speedo, Picaso and Relentless like this.
  2. trdes

    trdes

    Only current bid and ask. I tend to not look at the DOM much and would like to eventually get rid of it all together, I am just really use to it for execution.

    Generally speaking trading on a chart is just more efficient.

    Not one successful long term day trader I know uses information on the DOM, very few use it to execute only, the rest use information on a chart only and trade on chart only.
     
    #20482     Apr 17, 2020
    EON Kid likes this.
  3. trdes

    trdes

    I don't care about any information on the DOM. I am just so use to trading on it, from my experience and trading with others watching it just makes you make knee-jerk trading decisions, chart is the way to go.
     
    #20483     Apr 17, 2020
  4. Spooz Top 2

    Spooz Top 2

    And what exactly would you do with those sticks? You don’t trade short side, pally!
    you would just watch the slide.... Silly rabbit!
     
    #20484     Apr 17, 2020
  5. schizo

    schizo

    Price action wise, I feel PPT will use any rationale to push this baby back up to HOD.
     
    #20485     Apr 17, 2020
    Picaso and Spooz Top 2 like this.
  6. Yeah. LOD most likely in. My bet for today is a close above 2850 with a small chance we'll make a new HOD from here.

    NQ is putting in an interesting divergence here though.

    A rejection of the HOD when we get there can set up a strong sell, but it's not the most likely scenario. IMO. :)
     
    #20486     Apr 17, 2020
  7. hafez50

    hafez50

    I'm thinking back to 2000 and 2008. This decline and ramp back uo feels different . In 2000 and 2008 the bad news keep coming out for months on end . Were getting the same terrible news week in and week out but the mkt has chosen to completely ignore all bad news and acts like in 3 months we'll be back to normal . That couldn't be any further from the truth.
     
    #20487     Apr 17, 2020
    EON Kid and Spooz Top 2 like this.
  8. schizo

    schizo

    Out 42.25
    +7ish
     
    #20488     Apr 17, 2020
    EON Kid, Builder17, Picaso and 2 others like this.
  9. Relentless

    Relentless

    Sounds like a scenario that ends in devastation.
     
    #20489     Apr 17, 2020
  10. schizo

    schizo

    Long 41.75

    SL 36.75
    PT 51.75
     
    Last edited: Apr 17, 2020
    #20490     Apr 17, 2020
Thread Status:
Not open for further replies.