bingo. I wanted to share a case in point, but it appears YouTube/Goog has gone 100% off the rails. "premium members" wtf?
I appreciate the kind words Q... as well as your market input.. very well prepared and thought out... I have to tell you that our #s & outlook usually coincide more often than not... good stuff... it’s nice to have the company & camaraderie of like minded individuals/ traders in the worlds loneliest profession! I enjoy your posts Q... keep me coming!
Well, the FOMO crowd woke up from their afternoon nap and bot the 6 pm open. Straight up for both ES and NQ with no significant PB's. Is this short covering or the start of the move to 3000 ?
My stop is above the high of the swing entry, others might keep it above the first entry short and others above the beginning of the bear move. These are the kind of things which will vary as to trade plan. You have to understand your risk/reward as well as likelihood that the trade will work. You are asking the right questions but it shows you have a great deal to learn. Take it slow and study and observe, the markets aren't going anywhere.
I dunno' man. We see these patterns all the time. It's not speaking to me at all on direction. This on a 10,5 unirenko chart, and times listed at the bottom are US Eastern Time. Nothing major here, simple 40 point range from Midnight until now.
Indeed, wtf! What is premium music members? Now we gotta' pay Youtube to see monetized videos? Bastuds!
Yes. i have a lot to learn. Observing the market is a great help and sometimes being slow is actually fast! Thank you! The purpose of the question on 2nd short is that i feel that short is for very experienced traders, therefore i was trying to ask how you would manage it . Tricky for the following reasons (consistent with the word you chose "fizzled" ) : Factors favor short: strong down 40 pts and now PB to touch EMA20 for the first time. Factors favor HL risk: strong up to BO above previous down TL, PB high is only 6 pts above 2943 where had HSB followed by 30 pts move in ETH.