ES Journal - 2023/2024

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

  1. Bad_Badness

    Bad_Badness

    Are you implying I was watching too much porn?

    It was a test run with a new system. At one point it took 5x the intended number of positions. :wtf: Fixed that with a bypass. Not really sure I want to try to reproduce it, as it is a live only scenario

    :fistbump::thumbsup:

    Fun situation for me. Got home after 3 months away to find the chest freezer had failed about a month or more ago. Thank goodness it was compost trash day! :vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit:
     
    Last edited: Feb 13, 2023
    #2211     Feb 13, 2023
    schizo likes this.
  2. Overnight

    Overnight

    It doesn't happen often, but it's a phenomena called "Market-On-Close order imbalance" or something to that effect. Do some searches for it, quite interesting.
     
    #2212     Feb 13, 2023
    Buy1Sell2 likes this.
  3. Cessna06P

    Cessna06P

    It happens often enough that I have noticed it.
     
    #2213     Feb 13, 2023
  4. Overnight

    Overnight

    Indeed. Stare at the charts long enough and you'll notice the bull market phenomenon of the 10:30 AM reversal, as I call it.) Drop at open with reversal between 10:30 to noon, and then grind up into close) It was a common thing that happened during the last bull market. If you start to see it more and more from here on out, you'll know we're in a new bull.
     
    #2214     Feb 13, 2023
    Buy1Sell2 likes this.
  5. Buy1Sell2

    Buy1Sell2

    Looks like 4370 cash will be the initial target of a bull flag breakout which should be coming. Again, I look for 4800 cash by year's end.
     
    #2215     Feb 13, 2023
  6. Overnight

    Overnight

    4370 onward to 4800 through the year? How do you see that with all the unknowns of the Fed until then? Clearly, you are looking at just TA there. The Fed could mess us up big time this year, like last year. Not to mention all the earnings revisions for Q2 and Q3 which will be front-and-center on traders' minds, due to inflation eroding company profits.
     
    #2216     Feb 13, 2023
  7. schizo

    schizo

    The market is forward looking. All the bad news has been discounted.
     
    #2217     Feb 13, 2023
  8. Overnight

    Overnight

    And the market has goldfish memory.
     
    #2218     Feb 13, 2023
  9. easymon1

    easymon1

    The 10:30 turn.
     
    #2219     Feb 13, 2023
  10. schizo

    schizo

    This is the market's response to the bears.

    [​IMG]
     
    #2220     Feb 13, 2023