Recent content by Laissez Faire

As pointed out by @nillionaire already - today is triple witching day. Over the last 5 years the average daily change on that day is - 0.71 % with 80 % being negative. 65 % took out the prior day low. Now, I'm sure the recent rate cut is a more important factor, but to me, this data suggests...

Another good LRL here at 75. Surprise me with a close below 80. :)

Possibly 90. The only 'certain' part is the close above 80.

Good LRL here at 75, but may not offer much more than 7-8 points.

ES will most likely close above 5780 today. So, if there's a good dip below that it should be a LRL into the Close back up above 80.

Yes. I saw your list earlier in this thread and realized there wouldn't be many trades I would be qualified to take if I should use that one to the T. Haha. :) But it's a good point. I've definitely forced trading on days where I'm not in a good place to trade. Usually if I'm busy with or tired...

I think ES can hit 5800 today. Not a bold prediction as we're already close, but anyway... :)

I think maybe you got the wrong idea about my style as I'm pretty sure I already said that 120 points on a single day was an outlier day for me. I was simply an early short during a window of weakness and decided to press that one since I had a very early entry and high conviction of a sell...

Trade the market as it is. Not how you think it should be. I see a lot of traders turned economists lately.

Wouldn't be surprised if this dumps either. So, sitting it out. Probably easier trading conditions tomorrow.

Should pick up a direction from here. My guess is we'll hit 5800 from here, but I'm not in any trades currently and think I'll sit this one out.

My guess is it's enough considering we're in RTH. This is not your average day, though, so who knows. More worried about Schizo.

Brass balls, boys! Could work out, though. Problem is there could be a nasty counter-spike even if this do sell.

FWIW, I just went flat. Seemed a bit too close to the market by now.

More precisely, 2 % up is 5816. Not a prediction. Just a very possible target if we do rally today.