Hi ES Journo people, hope u didn't mind but I've been trading CL and not any ES. However I don't like the options for CL so now I'm back to ES. Please accept me back B1, Der and co (havn' seen any post by spectre, mbey Nfa agents busted him for spoofing :/) to this thread. Anyway I'm thiking I might place a few long trades to hold overnight. Really feels like flipping a coin tho.
Interesting in that FED give indications for rate hike.... Which is exactly what we don't need. Tumultuous times at hand.
This crazy market doesnt let you ride shorts properly, some red, and boom back up. Yes its making Lower Lows and Lower Highs but what a royal pain the ass.
Agreed...But this is how things have morphed post-2008...Basically, even if you nailed the top at 2100, you've had two sharp squeezes back up to around 2080...another decline to 2030...another rally back up to 2070...a drop to 2020 and here we are sniffing 2050 again...IOW, it's the polar opposite of how the upside structure works...Catch a decent low (Oct 2015/Feb-Mar 2016) and it will go untested...the squeeze nature of this stuff.
Are the occasional heavy drops (2008, Sept 2015, Jan 2016.. etc.) enough to sustain the SHORT position trader in indexes? It seems to me those that accept AND are able to trade the daily ranges are better off? Or is a hybrid of the two best.. Any back-tests out there? THE big drops occur maybe once a year and you'll make some money but does it overwhelm the endless cuts in the churn? The markets "could" spend the next year doing this so there must be a plan B to make something if so? Maybe try long occasionally? I have this same disease - not accepting what is with the indexes - I trade everything else long/short - but not the indexes.. Did not think of going long 2 months ago...