So I just spent 20 minutes drawing all sorts of lines on a chart, removing them, putting new ones on, and just extrapolating sort of just to have something to do while my position simmers. I am thinking 15,000 sometime between middle of May and middle of June. Anybody have a similar hunch? I read one forcast calling for a high of 15k during April. I really don't see that, but maybe...? I'm holding a couple contracts MNQ. While holdiing some I am also buying dips and selling peaks against a Bollinger Band indicator on a one hour chart but I plan on staying in with some contracts while I make my chump change on the noise.
I prefer it to go below 10 000.00 better still below 1 000.00 CME direction is always to make tick size smaller and smaller. Eurex has already made dax tick size coarser. currently, there are simply too many digits ( 7 digits!!!). elderly people have problems with eye sight.
It shall now drop 10%. I should know, I went long. How many times are we going to do this same old dance?
Okay, thanks for that. Just wondering... do you have a stop under any of your MNQ action, mental or otherwise? I got one but it is kinda low and only on half my total position, basically just a disaster preventer
Meh. I'm out until it starts moving some direction other than sideways. I made my 1% today on the noise, but I friggin had to earn it. @maxinger you're right, it was a lot easier to trade when it was under $10k. A license to print money. And it had plenty of headroom. I still think it will hit 15k, though. One last big gasp before it drops and flops. Okay I think I'll go fishing for a bit. My lawn chair and fishing pole are calling.