ES Journal - 2019/2020

Now if you were only long Cannabis and Bitcoin too!

 

Long 3511 stop 3507. Gonna try to get a runner into the close

 

Just opened up my DOM. Is ES depth really thin today?

 

Nevermind. The machines turned back on at 14:00ET,

 

The SP500, priced in gold, is currently down.

And yes, betting odds for Joe winning have improved:

12:30 pm ET +425 -700
8:20 am ET +360 -575
3:00 pm ET +270 -390

https://www.oddsshark.com/politics/2020-usa-presidential-odds-futures

 

What is the point of quoting this in gold? Robert Prechter has done this and I finally realized he did this to justify his improper (wrong) bearish stance.

 

The point is it is a measure of relative purchasing power, possibly suggesting the market’s opinion of Biden’s fiscal management. Speaking of trading, I have done well this week being on both sides of the market as well as gold.

 

How about the market quoted in bitcoin then?

 

I don't trade the ES priced in Gold. Ridin' with Biden rally continues.

 

Fair enough - I get your point. Glad to hear you're doing well with the trading. It used to drive me crazy hearing the argument from bears that they were right because the market priced in gold was down - that was the reason for my comment. Up or down is a challenge enough for me!