many thanks, past few days had been transitioning to longer time frame. today was an excellent day for riding the RTH trends. Still not fully confident in doing swings, that is my goal. for now trading higher time frame during RTH and sticking to take profit target, along with precision entry and minimal drawdown.
Ya know in all honesty, I could see this happening. One Tweet this afternoon... and we take out 2800. Not saying its gonna happen... and it probably won't... but a tight stop on any short is certainly prudent imo.
MAKING TRADERS RICH AGAIN! https://www.google.com/search?clien...3......0....1..gws-wiz.......0i71.KdQqVoX6ayg
30 year bonds are in a melt up, JPY and GC are having one of their biggest up days this year. Economically sensitive instruments still getting hit hard, but VXX is up only modestly and our easy Fed is in the background. Money flows to safe havens are almost at panic levels. There is no comfortable unhedged side of this market. We could either hours from a crash or hours from a massive short covering rally because an trade agreement is reached somewhere. There are too many serious liquidity challenged hotspots and weakening economies around the world to get comfortable even if trade deals are reached. Basically the market will end up being purely driven by easy Fed policy rather than a sound economy. Not that we should fight the Fed. Trump’s tweet power on positive developments will probably weaken over time as he may lose credibility among traders to get things done.
Yeah, was looking at the ZB last couple days. Amazing push up over the last week. 4 points? That's like $3,700 per contract! Sheesh
You are naked. Where are your other team members, drones, flashbangs, heavier weapons, personal protection, and survival tools/supplies?