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I think a lot is relative, but there was clearly panic in that room on Friday. On Thursday there was confidence and I was told stuff like: "Just wait and see...Stanzie is never wrong." "We want the trade to move against us initially so that we can build a really good position." "Can't wait...

These guys are still holding short and I assume praying for a miracle. Out of curiosity I checked out the associated Discord group, but was kicked out as I warned against averaging down and the huge risk with 100 % win rate strategies. Anyone who trades by following a guru blindly sadly...

Entry level/average? I see 4150 / 4130 (ES) as thick support below, but those could be as strong as butter against a hot knife if FOMC disappoints on Wednesday. A break above last week's range and quite possibly 4200 is pretty much a given at this point, but the question is if it gets legs or...

Good. My assumption is that most teachers in trading don't know how to trade, so I'm generally not interested in any learning from them as that could easily lead one in the wrong direction. There are exceptions, though. Tom Hougaard possibly being one of them.

I suppose that's because human psychology is wired against us in trading, so you have to learn to do what's not natural for you. This great quote by Livermore sums it up: “Instead of hoping, he must fear; instead of fear, he must hope. He must fear that his loss must develop into a much bigger...

What do you think an ORB trading mentor could teach you that you can't figure out yourself by simply asking the relevant questions and finding the answers yourself through testing? This guy trades, I think, an ORB strategy. He has a lot of stuff for free, so you could check it out to see if...

What's your average profit and average loss, @Sekiyo? I may have a paper thin edge and the only explanation I have for making money recently is that my average win is typically 2x my average loss and that I only add to a winning trade and never average down. I'm in drawdown from equity highs...

So, you believe an unsuccessful trader can teach someone to become a successful trader by example? That's an interesting comment, but maybe that's not what you meant.

The only thing that's certain is that we went up this week after first seeing a substantial drop. Next week's anyone's guess, IMO. It would not be the first rally that fails over the last 2 years. Everything hinges on FED next week, IMO. The first trading day of May usually trades higher with...

Bears really taken to the cleaners these last two days with the death stab here at the close. Impressive move.

Funny how everyone think they’ll get rich quickly from trading when the truth is that most people will get poor from trading and lose a lot of hair and time in the process. :) https://tenor.com/bhHVw.gif

78.50 was the exact upside target, but I figured we'd overshoot it. Hit 78.25 now to the tick. If we sell off from here I'd be impressed, but it could be worthwhile with some caution here to the long side as we covered a lot of ground very quickly. I'd be equally impressed if we continue ripping...

I went with the flow today, @rb7. Regarding my predictions, they're just guidelines to help me structure the day and know what's possible and most likely to occur on any given day. Pre-market, I said I was a cautious long, that this could easily reverse and that historically the last day of...

Last possible failure point here, IMO. Yesterday's high to the tick. ES weekly candle is green here (above 53.50).

ES going higher and filled yesterday's gap now. NQ going lower, but could reverse in an instant like it often does. Let's see if we can break above the yesterday's high. Not convinced yet, but holding long as long as 45 or so holds. May not be an easy short if we roll over and reverse lower.

I'm a cautious long here, but will not give it much slack. Looking for a test of yesterday's high if we find a bid on the Open. If we breakout and get continuation - why not 4180 today? Yet, the last trading day of April actually have a negative net change historically and usually have traded...

I've no idea, but got to love the Monday morning quarterbacking after the market rallied 60 points. Crickets after Wednesday's Close. I have no strong opinion for today, but I can see the possibillity of an inside day, taking out yesterday's low or a push higher above yesterday's high. A...

Well, this is the ES journal, so... :) Analysts in JP Morgan says it's the weakest breadth ever in a market rally: This awfully fragile narrow no-good rally | Financial Times (ft.com)

So, we just had the ultimate bear trap. Could this be the ultimate bull trap? No predictions for tomorrow as of now, but what could be interesting to know is that this kind of trend day does not necessarily see follow through the next day and can easily slide lower. If price history means anything.

That's great. Trailing stop or some other trigger? 53.25 points without pulling back more than 6.5 points starting at 11:13. Incredible rally and definitely not your every day move.