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https://www.washingtonpost.com/business/meet-cis-japans-market-moving-enigma-who-can-make-millions-of-yen-in-his-pajamas/2014/10/21/e11b3c88-588c-11e4-bd61-346aee66ba29_story.html CIS was a former video game champion. I believe Nav Sarao was a gamer, too, and he did treat his trading much like...

Pretty sure it's Wednesday today.

I have about 70 % odds of 3920 by end of week at this point. Sloppy call as I'm a bit short on time. 3950 could easily happen. Remember: it's just numbers on a screen. :)

"Practically, it may be difficult..." That's the thing about (day) trading. At the face of it and in principle - trading is easy. Buy when price is going up; sell when price is going down. Tomorrow will be either an up day or a down day, so determine which and trade accordingly. Easy in theory...

It all depends on your methodology and what you want to achieve in the market. One trader may decide he wants to capture a decent slice of the major move (high/low or low/high) on any given day or he may focus on the bigger moves on higher time frames such as the 60-minute chart. The 5-minute...

Possible solutions: 1. Context, i.e., a big picture analysis and/or higher time frames, statistics, etc. That way you're not stuck in a bar-by-bar mode, but can zoom out and see the forest for the trees. If you're scalping - less important. 2. Only trading when things (signals) are certain and...

This sums up some of the challenges of a pure price action approach, i.e., the interpretative element. There's wedges, channels, DTs, DBs, breakouts or failed breakouts or failed failed breakouts, etc. all at the same time. Not always, of course, but often there's just very many possibilities at...

Are you yourself rich from your simple and a little better than average trading?

I think the last few years and especially 2020 have been the ultimate f''k-you to fair value and efficient markets. The only thing which seems to matter are yields and money flows. The conclusion can't be any other than that markets are inefficient most of the time and largely as a consequence...

It seems to me that claiming markets are both efficient and that stock prices are inflated are contradictary statements. I don’t think markets are efficient and I also think this is one big bubble.

I will not point out the posters name as he declined my question a few weeks back if he was still holding the long he posted. The market has since dropped over 200 points from his entry (where the market allegedly was very oversold at all time highs). It's a good reminder when the zero-risk or...

The general problem with the calling business - and this goes both ways - is timing. I've seen a lot of boasting on this site from various calls that took great amounts of heat before finally turning around. Everyone knows the market will crash or sell off again at some point. Everyone knows...

I started posting and actively following/trading ES around 2010. I remember multiple individuals who'd just keep shorting a rising market again and again. One particular individual I think must have either blown up or given up. I'm sure there must be several. Couldn't even get a retrace to get...

And stopped. Trend is most definitely down. Could be one of those days were levels don't matter and we simply sell, sell, sell.

Stopped for -9,00. Re-entered @ 60,50. Risk 4 points. Won't be around to post how I manage it, but may scratch it. If we open above 66 and do not see very strong buying on the Open - I'm afraid we're quite vulnerable for a drop today. At the same time - we're in an important bounce zone which...

Maybe low 3800 on the day if this doesn't hold. 3850 is possible support on the down, too.

Will see if I can reverse to the short side if stopped, but we're in a potential bounce zone here.

Long 63,50. Stop out @ 54,50.

Potential of a big move today, IMO. It could be up, but I'm cautious of a drop to the down side based on the data I posted yesterday.

Range bound session. BLSH. Unless we get a good gap higher by tomorrow's Open - I'm thinking a drop to 3830/40 tomorrow in RTH if we open in range. A hold above 70/75 could be a good long entry for a rally higher. A strong gap open lower should be a good buy on the Open, but will possibly be a...