ES Journal - 2019/2020

glad I ignored the short idea lol
Sticking with the Fed boys!

 

just goes to show it doesnt matter how prepared u are. sometimes price does some weird shit

 

Staying long here. I've got some real good open equity. --Looking for more----

 

Floor construction is occurring in the 2910 area. So far, The Izzy Bottom of 2 months ago is holding, and holding well indeed.

 

Prices just follow supply and demand, nothing weird.

If price looks weird there are 2 possibilities:

1. it is indeed weird
2. you don't understand the move

Always analyze all the different possibilities.

 

FWIW - I only had long signals this morning. First strong buy signal came in at 09:34 and subsequent bars supported it. Supported by higher time frames.

 

2. you don't understand the move trap

 

The trap is for the loser, the move is for the winner.
As I was long it was a move.

 

Fast moving market today and with a fairly narrow range so far.

The question is: Is this down a part of today's up?

Easy to lose sight of the big picture with red bars and strong reversals coming at you fast.

A mere retracement on a higher time frame can easily mislead.

I'm still long biased as hell in the short term, but the stuff I'm looking at does not give a very strong bias for a rally today. It might very well have to wait until tomorrow. The only thing I feel very confident about is that we won't close below 2950 today.

 

scratched it