ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. Picaso

    Picaso

    #10351     Aug 5, 2024
    vanzandt and schizo like this.
  2. vanzandt

    vanzandt

    I was watching qqq.
    It took off. It's up big in the ah's too. $438
     
    #10352     Aug 5, 2024
  3. Bad_Badness

    Bad_Badness

    So the bounce begins but under low volume conditions.

    Long @63 3x.
     
    Last edited: Aug 5, 2024
    #10353     Aug 5, 2024
  4. blasts heard in central Iran. Reason for the bounce, and support of USD.
     
    #10354     Aug 5, 2024
  5. schizo

    schizo

    I might be a thick-skinned MOFO, but I ain't so brazen as you. :)

    At any rate, here's to "the greatest trader of all time" who posts his trade 90 minutes later (LMAO):

    Help Her Fall.gif

    Kangaroo Punch.gif
     
    #10355     Aug 5, 2024
    vanzandt, TrailerParkTed and poopy like this.
  6. So, ES closed down 2.92 % today with the prior close also being down. And going as low as 4.28 % on the day.

    The last time we saw something 'similar' was in 2022. Before that we need to go back to the corona plunge in 2020. If these statistics mean anything, tomorrow favors a green close, but could easily see a slight dip below today's low first in RTH tomorrow and we should test today's close.

    I'm cautious against using statistics in this type of environment (unhinged), so not putting too much stock in it, but the weekly prediction I posted yesterday suggested we would see a dip first on Monday to put in the week low.

    We also hit that 10 % down level on SPX.

    Maybe it's enough for a temporary (?) low. :)
     
    #10356     Aug 5, 2024
    Picaso likes this.
  7. flash crash

    flash crash

    I ignore anyone who posts something that I feel could get in my head or put me out of sorts with my trading.
     
    #10357     Aug 5, 2024
    vanzandt and Picaso like this.
  8. schizo

    schizo

    That's true, but we're still quite a way from Friday's close. Anyway, how are you gonna fill those 4 gaps above? At the same time, notice that all the previous upside gaps are filled as of today.

    upload_2024-8-5_13-32-31.png
     
    #10358     Aug 5, 2024
    NoahA and Picaso like this.
  9. A short overnight for a test of the lows looks like a sexy trade to me. Too wild of an environment to be posting trades, but that's what I'll be looking for tonight. Wouldn't mind if it pushes a bit higher first making it even more juicy.

    I think any big relief rally will have to wait until tomorrow's RTH Open. If at all.
     
    #10359     Aug 5, 2024
    Bad_Badness, Picaso and p0box4 like this.
  10. Bad_Badness

    Bad_Badness

    Reminds me of a quote from a pro. "Don't step in front of a freight train".
     
    #10360     Aug 5, 2024
    Picaso likes this.