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Thanks for your participation. Will explain my stance shortly.

ok now it is getting more interesting. What are you going to do here? Long or short? Where is the pressure. Up or down? I know what I would do or would have already done. I will explain that shortly. But if you had not taken already taken aposition what would you do at this point? Long or short?

What about now? Short or long?

That is your belief. Doesn’t mean it is true.

It will work for that scenario however, it certainly isn’t the only viable way to use it.

Charles offered his opinion. He believes 66% chance price will trade down and retrace.

Ok to remind us. You see this. Would you prefer going long or short at this point? What do you think? Lets look at the same chart marked up abit to see if we can identify the pressures. In the chart. That is, who has the upper hand, the bulls or the bears? If you had to make a decision to...

Yea I traded long a little in the MES this morning and early afternoon. I am visiting Dad and Mom in the US and on the road traveling to Mexico so I didn't trade last night although I saw the move up. But on the 10:50 bar I took a long trade this morning then averaged in as it move against me...

Might wanna make haste and consider getting long? What do you think?

Why a fools game?

Lol

:rolleyes:

:rolleyes:

Not many “get” it. Mr. T is winning AGAIN. China is starting to blink.

These people don’t understand diddly squat about the economy. They should be happy America finally has a president who is fighting for them.

:rolleyes::rolleyes::rolleyes::rolleyes::rolleyes:

Such action is good for averaging down. Get out BE on first entry and head for the bank on successive averaged down contracts. This happens over and over in the session and generally 3 to 4 sessions a week.

SOURCE IRS Bona Fide Residence Test To meet this test, you must be one of the following. A U.S. citizen who is a bona fide resident of a foreign country, or countries, for an uninterrupted period that includes an entire tax year (January 1–December 31, if you file a calendar year return), or...

Once a US citizen meets the bona fide residente test OR the physical presence test they can file Form 2555 Foreign Earned Income Exclusion. This helps with Federal Taxes but not Social Security Taxes is my understanding. “The United States taxes citizens and residents on their worldwide...

Average loss/to average win is the second most important metric. Keep a high win rate and average win bigger than average loss and all things seem to work out. I can also pay attention to MAE and MFE as a method to fine tune my strategy along with SL placement under different market such as more...