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So where did you place your bet? Up or down?

Hey, I thought you were my distant kin. :sneaky: Anyway, I'm gonna sit on my hands for now and collect that 100 handle bounty tomorrow (fingers crossed). I hope you change your mind and join me soon. :D

If the price came down to a tick or two away from your entry price before reversing, that already demonstrates that you know what you're doing. You don't need any luck. You just need to adjust your entry to catch the ride in the future.

Short 3849.75 Better put my money where my mouth is. :cool:

Well, it's not far-fetch to say scalping for 10 ES points these days is not out of the realm of possibility. Let's not forget I'm only suggesting that you chase in a STRONG TREND as written below:

Is tomorrow a down day? No major news are on the docket other than ISM and FOMC minutes (and crude oil stock, which we don't follow). At any rate, I have a good feeling it will be a down day. If we do slip and fall, expect 3740-ish to be on the horizon. OMG that's 100 point drop :wtf:

I ain't talking about whether price will or will nConsider it this way. 1) There is already a STRONG trend in progress. 2) You plan to get in at the pullback, so you place your bid a few ticks above the support. 3) Price does retrace, but it stops just a few ticks above your entry and...

You should get rid of your little finger. 2023 will be the year of STAGFLATION (inflation + recession). I expect market chops of epic proportion, probably nothing that we've ever experienced.

Seriously? From what I've last heard, Powell said he ain't letting up until 2% target is achieved. At 0.25%, it will be more like the next 3 years rather than next 3 meetings.

As expected, you're now officially sucked into the vortex aka chop zone. Enjoy. :confused: :sneaky:

What you're looking for are junk bonds and they're the likes of BBBY. Like the above poster stated, beware they come with high risk.

Didn't Powell mentioned the word pivot in November and we got 50 bps in December? What does "pivot" mean here then?

Do FOMC minutes carry much weight? I thought it was just a regurgitation of what they've done in the recent FOMC rate action.

I think we've just put in the bottom for the day. Whether we actually reverse and head up from here or merely chop till we drop is anyone's guess. I'll leave it at that.

That's my thinking as well. If you have confidence in your "prediction" and there's momentum to back you up, then better you get in now than later. But the perennial keywords are TRAP and FLEXIBILITY. Always watch out for traps and be flexible enough to bail out at moment's notice when the trade...

I think you brought up a good point differentiating between a 'buy point" vs "buy zone" (for the lack of better terms). In certain cases, you will want to get in at a certain price. For example, this would pertain to a PULLBACK in an already established trend. But if you were getting in at the...

You must believe that you are invariably the last one in line to get filled. What's worse, since you're the last one in line, once your order does get filled, the price will almost always get lifted and immediately move against you. But what should you do if it comes up and tags your price but...

66% of you :thumbsdown:

No. It's just a fancy title with fancy cover. The book has NOTHING to do with "measured move" or "high frequency trading". It's just another one of them gimmicky Trading 101 books that only skims the basics of trading, with all the benefit of hindsight analysis, of course. I've used the...