Search results

Sounds good, but I don't think you should be surprised if we get a decent pullback either. Just last week we had a 50 point drop or so (not on my trading computer, so can't confirm). We had a Gap & Go Week a few weeks back, but most weeks don't do that. Which is why I think we can see a...

Always a nice day in the land of free money. :) Great trade so far, but what's your exit plan? Will you trail a stop? I'm still quite bullish myself, but I also know it's rare we gap up on a Monday and never look back for the rest of the week.

When was the last time these economic numbers mattered at all? :)

That's a large stop for a day trader - especially if it's hit. Is this more like a disaster stop or do you actually take a 10 point stop-out? If you have a high win percentage it should/could work, but make sure you get out before it's hit if you find out your trade isn't working out as...

Best post in the thread so far - yet it didn't seem to gather any attention. Doing this diligently - the trader will also notice how a lot of the stuff in those 'price action' books are cherry picked and doesn't always measure up in real life trading.

IMHO - you're better off taking a week or the rest of the month off and clear your head. Start again with a clean slate. Don't start from trying to make back what you lost. You're basically repeating the patterns from the past. And now you're taking money which you took OUT of the market and...

There's an excerpt from Marty Schwartz book which I've posted a few times here on EliteTrader. In my experience - it's all very true. Usually, the best way to deal with a larger-than-normal loss is to take a day off or even more. The idea of making back losses can really mess with your mind and...

You've had quite a few winning days. On how many of those were you in (deep) drawdown before turning things around and making a green day? Winning days vs losing days should be thought of as winning trades vs losing trades. The losing days should be few and they should be small. This is...

The market is pretty damn bullish, though. My weekly forecast suggests a 12/13 chance of fresh ATHs next week and a 77 % chance we'll close higher than 3393,75 by end of next week. This is just by looking at similar technical patterns. This level might be a bit more special than your...

The latest ATH was printed today if I'm not mistaken. Another one earlier this week. But sure. Usually, we're always trading below the ATH. :)

Nice R/R for a swing short. Might even be a good entry. ;)

Last Friday was a dump into the Close. The Friday prior to that closed at the High. I bet we close above 3385. The rest is a gamble. But a run towards 3400 wouldn't be a big surprise...

7 tick slippage on the ES today. Stop order. Highly unusual. Probably a first. Test of the Week High / ATH coming up here. 3400 by the Close?

Is it quiet? Can you run it 24/7 without any issues? Heating? My main computer is also a high end Dell gaming laptop. So far, it works really well for what I'm doing. I've considered replacing it with a desktop solution, but being semi-mobile, I really favor having a laptop. The fan can get...

I bet this market have even the 'big boys' confounded. Players are terrified to short this market and just as terrified of missing out. A big drop? For sure. Might see another one this year and sooner than later. But when that happens - Norway and Saudi-Arabia are buying...

Bubbles and new technology is actually really old stuff. But you may wonder if it actually is different this time. That is - each time the bobble actually bursts or seem to burst, there's a shit load of money read to buy.

Buy the rumor, sell the news? Except for yesterday's huge BTFD reversal off the lows - this market have been anemic lately. 13,75 points off the ATH gives a great R/R for a short swing trade, but I'll take a pass.

One of the biggest in recent history have to be Einar Aas. An individual trader mostly trading electricity futures. https://www.nytimes.com/2019/05/03/business/central-counterparties-financial-meltdown.html

FOMC minutes coming up in 40 minutes. Let's see if that can give this market a much needed kick. 3400. The chance of a new low today is < 25 % from my point of view, but you never know for sure.

People were having a laugh at this one, but it seems like you were mostly correct. Depending on exactly how an attempt is counted of course. All Time High. Done. There does not seem to be any guts left in this market, though. Nasdaq keeps printing new all time highs like it's nothing, but S&P...