Search results

My God. I usually have a good grasp of the big picture and as predicted we got the move to the HOD and a new HOD, but damn, I still get lost within these wiggles and constant back-filling on ES. The result was a drawdown on many small stops and needing a biggie to finish the day green. I...

How much did you lose in total? The harsh truth that a new trader either doesn't know or doesn't believe (thinking he's special) is that 2.5 years is nothing in this game for a retail trader starting out on his own without a mentor or proper guidance. Only snake oil sellers, charlatans and...

Going long near a high isn't my favourite trade, but it's a trend day and we didn't even hit + 2 % on the high reading yet. I'm thinking that 4K print is a magnet. As a minimum I would think we'd get a test of the HOD, but it's far from certain in this market.

Flat for a 6 point loss in total on that spike down.

Added one at 87.25. Will take a quick B/E exit if no follow through.

Long 83. Tight leash. Targeting 93 or 4K if steam picks up.

Sucks to miss the Open on a day like today. 4 points shy from that 4K print. I'm wondering if we'll get it by the Close today. It should also be interesting to see if we just trade right through it. My assumption is that 4K matters. Maybe it doesn't.

Sorry for your loss, but I thought you had the obvious figured out...? :) I think fundamentals are more appropriate for non-leveraged and long term investing. For short or medium-term trading technicals are what matter. That is simply so because even if your fundamental view is correct, there...

FOMC next week and currently banking worries. The festering may continue a bit longer and if we finally have a breakout to the upside I'm not so sure it's going to get legs in this range bound market. Regarding the statistics you posted - one thing to keep in mind is that they're heavily skewed...

Another day of festering?

There's been plenty of off-topic BS by many other on this thread including the guy who's accusing you of going off-topic. I think your posts were more interesting than most posted on this thread. Hostility and attacks is the norm on this site, sadly.

If @Buy1Sell2 shows up and says he's happy with today's festering action it would make my day... :) Strong close. Multiple FBOs in both directions today before finally staking out the day's main move. So far this week we only traded in the lower half of last week's range. Let's see if we can...

Where do you smell that...?

I think this is what some guy I occasionally check out on Twitter would call a wrecking ball range.

Looks like a confirmed break at this point. Wrong above 3895. Most likely 3860/50 now. Could get loose if no bid down there. I'm only watching FWIW. EDIT: And wrong... :) That's why I generally dislike shorting near lows and think "chasing breakouts" as referenced in another thread is...

My best guess is that a break above 3904 would set up a move back inside yesterday's range. A break below 3888,75 is more tricky as it can easily be a failure to breakout. But, statistically, my trading model does give good odds of continuation lower (3860 / 3850) if that happens. Good luck all.

Covered at 91 for + 11 on a trailing stop at 09:33. :banghead: Had a scalp pre-market as well. Have to be somewhere, so figured I'd play it safe today. Now, see how the market reversed off that 3900 area that I pointed out in advance. ;) We can easily drop from here. It's all very...

My bad. 3880. Will re-enter if stopped.

I'm anticipating the initial move higher on the Open today towards 3900 with that as a potential failure point / reversal area. If no failure/stalling there, we can go all the way back up to 3950. If, however, we won't see a bid on the Open, we can't rule out this as a trend day lower targeting...

That one also made me chuckle... :) Is there a formal or agreed upon definition of what's a market crash? I saw one reference being 10 % down on one or several days. For the entire 2022 and 2023 so far, we didn't print a single day with a low reading exceeding 5 % down. We came close, but...