ES Journal - 2023/2024

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

  1. christhesquid

    christhesquid

    haha
     
    #14481     Dec 5, 2024
    theapprentice likes this.
  2. flash crash

    flash crash

  3. I know how everyone feels already. Definitely no secrets. As they say I'm not here to make friends, but to speak the truth about the markets.
     
    #14483     Dec 5, 2024
    Laissez Faire and schizo like this.
  4. christhesquid

    christhesquid

    haha
     
    #14484     Dec 5, 2024
  5. That led to this environment actually. The amount of free money that was put into this system ultimately created this monster. That was the final bear market of our lifetime. You can never rule out something like what happened this past summer, but it was like a 3 week thing. People now know that any dip is an absolute gift. Even future dips that occur when the market is 20% higher from where it is now. I can see a bad week at some point, but again it's the idea that any timeframe is that one red candle, and the V starts immediately after it ends. So pick your timeframe, day week or even month, but it's never sustainable.
     
    #14485     Dec 5, 2024
    Laissez Faire likes this.
  6. christhesquid

    christhesquid

    How old are you and how long have you been trading?
     
    #14486     Dec 5, 2024
  7. Longer than you probably. 18ish years of bring in market. Not gonna disclose age. I've seen those markets, but they are a thing of the past. Just no possible way when they will shove a V at any support, MA, VWAP etc. I remember what a bear market used to look like and know for sure they've been eliminated for good.
     
    #14487     Dec 6, 2024
  8. Fixed that for you.

    How do you explain 2022, then? Clearly the market sold off substantially then and for a bit more than 3 weeks? What's different now compared to then?

    On some levels I do agree with you, though.

    I just think it's stupid to make claims like how the market will never sell off again when it's not that long ago since it did so.

    upload_2024-12-6_13-22-47.png
     
    #14488     Dec 6, 2024
  9. So, pump or dump today?

    Looking at the prior NFP days this year it's been a good mix of both. No strong edge here on that basis alone.

    I remain bullish on year end, but not as confident as @v-shape-0DTE.

    Long from the lows. Considering holding through the release.
     
    #14489     Dec 6, 2024
    flash crash likes this.
  10. Stopped out for 2 points. Probably for the best. Let's see how the market reacts in a few.
     
    #14490     Dec 6, 2024