ES Journal - 2023/2024

Long 5240, again 5220, again 5216, -2 for BE.
+1 5198 -2 for BE plus a little

I suck at manual trading.

Seems like a lot of chop here.

Algo is long 5218 and out BE. Even the Algo know chop when it sees it.

And now short 5206 and out for BE . Done for the day.

Back to coding and watching the algo thrash on paper.

 

swung 15 trades just got break even, where is the buy the dip crowd

 

Buying tech stocks, it seems. Many up 10% from the bottom.

 

maybe they are buying what buffett sells, sukers

 

44 more Days until the September FOMC. Then another 5 months for Interest Rate cuts to take effect fully?

History says the Fed is always too late to raise Rates, then too late to cut Rates.

History isn't rhyming, it's repeating?

 

It depends. Different sizes, different timeframes.

 

today. too fast to call trades when it's moving like that lol

 

emergency cut would kill the market, confirming we are in a recession.

 

This seems like risk off, war preparations with a wait and see what happens "situation" for geopolitics.

Good range trading at this point.

Manual: Long and out +40 ticks
Algo Long 5212 and out +98 ticks

We are getting volume now. Longs going for it.

HOD test coming up. Long 5235 manual, +1 more@31. Out @46 +50tks x2
A bit shy of HOD, but not surprising since HOD was the news event with overshoot.

Manual: Short @39; -1 @44; -1 @48: Cover +2 for (+24?); +1 for BE
Algo Long @49. Out @41 for -32tks