ES Journal - 2023/2024

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

  1. nice overnight drop.
    Not completely surprising given @vanzandt being a bear.
    I also noticed a few people I watch on twitter FINALLY give in on the bearish stance and taking mega losses on their positions/accounts yesterday which always makes me think we'll get at least a little drop soonish as the market is cruel and always tends to put salt in the wound of traders who finally take their hit! lol

    obviously very tempted to get long here for the inevitable 'V'.

    Although it's early in the globex session which tends to make me slightly more gun-shy, plus who knows, we might actually get on of those rare (2-3 per month) down days on the markets lol

    I'm just holding my longs for now and not adding yet. After building up such a great buffer (even yesterdays +320 ym points and that's just one day) i'm obviously in zero pain on this drop. Will re-assess when/where I add some longs later

    good luck
     
    Last edited: Jul 17, 2024
    #8961     Jul 17, 2024
  2. Relentless

    Relentless

    Nice call usual sir.

    :thumbsup:
     
    #8962     Jul 17, 2024
  3. Funny how that works. LOL.

    Yesterday's late session spike seemed a bit climactic. Nice call from @vanzandt!

    I'm trying to ease a bit into some kind of holiday and wasn't planning on trading much today, but the market's oversold here short term unless there's some actual reversal happening, so not sure I can resist this dip. :)
     
    #8963     Jul 17, 2024
  4. Picaso

    Picaso

    Congrats on your huge win :)

    Yesterday seemed like an ordinary up day to me. Show me a 5% up day and then we'll talk about climaxes :D

    @vanzandt and @schizo had a good call, but maybe a bit early.

    Enjoy your holidays!
     
    #8964     Jul 17, 2024
  5. 1. Futures slip as tech stocks slump

    U.S. stock futures fell Wednesday, retreating from record levels with the tech sector taking the brunt of the selling after a downbeat forecast from Dutch semiconductor firm ASML (AS:ASML).

    By 04:30 ET (08:30 GMT), the Dow futures contract was 70 points, or 0.2%, lower, S&P 500 futures dropped 45 points, or 0.8%, and Nasdaq 100 futures fell by 270 points, or 1.3%.

    The main indices closed higher on Monday, with the blue chip Dow Jones Industrial Average rallying more than 700 points and closing at a record, while also posting its best session since June 2023.

    However, sentiment has turned negative after ASML's (AS:ASML) third-quarter sales forecast fell short of estimates despite a strong second quarter, with sales reaching the high end of guidance.

    There are more earnings to digest Wednesday, including from United Airlines (NASDAQ:UAL), Johnson & Johnson (NYSE:JNJ) and U.S. Bancorp (NYSE:USB).

    On the economic front, the Fed’s Beige Book will also be released, as will housing starts and building permits data for June.
     
    #8965     Jul 17, 2024
    Laissez Faire likes this.
  6. Impressive sell-off! Down 1 % here pre-market.

    Unless something actually changed, surely 50 should offer a good buying opportunity.
     
    #8966     Jul 17, 2024
    flash crash, Picaso and theapprentice like this.
  7. Picaso

    Picaso

    If in RTH we make new lows, I'll be looking at the "bounciness" at 5630-ish and gap fill (and Schizo's target) at 5610-ish.

    "Bounciness" is totally trademarked, don't even dream of stealing it from me :D
     
    #8967     Jul 17, 2024
  8. Seems, 60 point gap opening. :D That will be a nice trading range today.o_O

    The right range for algo maniacs.
     
    #8968     Jul 17, 2024
    Picaso and Laissez Faire like this.
  9. The US V-Day crew got this! :)

    As long as the current LOD (55,25) or 50 holds - would assume we could see 90 or 5700 from here.
     
    #8969     Jul 17, 2024
  10. flash crash

    flash crash

    Dip-V-Buying mode engaged.

    I used the Globex open as a profit target.

    Done for the day as I have to do actual real work today.

    About $250 of today's profits were a premarket NQ trade. Yes, I just can't leave it alone.

    Tradovate.jpg Tradovate P-L.jpg

    Good luck today, guys
     
    #8970     Jul 17, 2024