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Not sure about FX, but for equities, I'm thinking we'll get a relief rally until tomorrow and another pooper next week. And a big poop if you ask me.

If it were that simple, everyone would be raking in money, since his materials are in public domain. Or have I missed something?

‘Zero Covid,’ Once Ubiquitous, Vanishes in China’s Messy Pivot https://www.nytimes.com/2022/12/08/world/asia/china-covid-rollback.html A day after China’s ruling Communist Party announced a broad rollback of the “zero Covid” restrictions that had smothered the economy and transformed life in...

For someone who has been using trendlines for over 20 years, allow me to say trendline is not a hard fact science. When the dots don't line up as straight as you'd like, you just need to go with best case scenario. It all comes down to "interpretation". I've seen some folks going overboard with...

I'll throw in the farm and my arm and a leg. Heck, I'll even throw in my wife and kids, how's that for a hoot! Booyah!

Excerpt from the above book: America did not see it coming. In 1929, the United States was riding high on a great bubble of energy and excitement sometimes called the “Roaring Twenties.” Radios blared music in living rooms and dance halls; champagne and gin—both illegal—flowed freely in...

I would give it 100 points :)

Glad to know we're on the same page. I think we will get a relief rally until Friday. Next week is another story though.

Dunno, but I think it's just a continuation of the day session, which was pretty damn manic itself.

Yeah, just like now, they had too many damn happy-go-lucky HODLers. This time it's different! Look what a great invention it is! Come aboard and get rich quick (by giving it to me, of course)! It's all same B.S. Why is it so hard for these morons to wrap their head around the fact that it's not...

Today's PA is a real mess. I decided to take the day off and went back to sleep. Hope everyone did well though.

Why we moving like this is an FOMC day? Some 5 minute bars >20 points.

If you want to be precise, I suggest you post the exit price rather than points captured. Also, as someone already pointed out, it's far better to use pips than points. Otherwise, it gets pretty tiring.

So easy to say after the fact. I bet that's not what was on your mind when the S&P shot up more than 150 points in a snap. Anyway, why can't you just reverse from long to short? Why must you be a "prisoner" of anything?

Man, everyone knows you always go short. Anyway, whether it's luck or skill, ending the trade in the green is always something to celebrate. Plus, you underestimate the importance of luck in trading.

Oh, c'mon, lighten up. Traders get lucky all the time. You also are lucky holding your shorts from last week. :)

I have a pretty good feeling we will drift up in the overnight session, only to get sold off at the open. But overall, a reversal is around the corner IMO. BTW I really like making these directional calls. So relaxing. Much better than posting trades. LOL

Hindsight analysis doesn't count :)

Looks like it's coming. And suppose this turns out to be a monster short squeeze. :giddy: :confused:

Today looks pretty similar to yesterday and we got a reversal yesterday 1 hour prior to the close. So let's wait and see if we'll get one in about 20 minutes.