Yes, as I posted below price was way too stretched and was
honestly a long. ES has bounced 20 points from that post, I didn't
go long though even though I thought it would bounce, I'm doing
things around the house and can't monitor every sec
last night the daily ES system was showing potential for two sub
systems going long, and had that translated to the SPY system
likely one of the SPY systems would have went long as well. However
now those potential longs are no longer triggering because of the
market bounce back. Again systems needs some sort of volatility to
take a trade, which the market refuses to do.
Did you cover?
I took some ES short near that bearish rally cycle ...
Posted by chluke on 7th of Jan 2020 at 08:27 pm
Did you cover?
Yes, as I posted below
Posted by matt on 7th of Jan 2020 at 08:42 pm
Yes, as I posted below price was way too stretched and was honestly a long. ES has bounced 20 points from that post, I didn't go long though even though I thought it would bounce, I'm doing things around the house and can't monitor every sec
crazy, ES futures are now
Posted by matt on 8th of Jan 2020 at 06:02 am
crazy, ES futures are now 7 points, after being down 52, shows the resilience of the market uptrend
man now wish I had went long last night instead of simply covering
also gold which was up
Posted by matt on 8th of Jan 2020 at 06:09 am
also gold which was up 30, now only up 6.
anyway heading back to bed for a bit, it's early here
last night the daily ES
Posted by matt on 8th of Jan 2020 at 06:08 am
last night the daily ES system was showing potential for two sub systems going long, and had that translated to the SPY system likely one of the SPY systems would have went long as well. However now those potential longs are no longer triggering because of the market bounce back. Again systems needs some sort of volatility to take a trade, which the market refuses to do.
Es only down 19 points
Posted by matt on 7th of Jan 2020 at 09:17 pm
Es only down 19 points now remember it was down 50 so quite a bounce back