Search results

I definitely think we have a good chance of trading to your LIS and even above 3400 today, but it's all contigent on where we open. So far, it looks quite good. :) On the other hand - there's FOMC Statement/Minutes today and associated talks. Lately, those have triggered some nasty sells...

I think he'll be fine today. Prediction: He'll show up and say that yesterday's sell was just a pullback and an overreaction in a very healthy bull market and that he's anticipating much higher prices. Much, much higher. But that in any case - he wears protection. :) It's also my view that...

Tough to make predictions on such a limited sample size, but the last 2 times something similar happened the next day was a decent up day. So, if price agrees, I'll be looking for longs tomorrow as long as we don't open below 3340.

Zooming out a bit - we're still in a large trading range in this zone here on the daily. The 23rd of September was a nasty down day, too, but we rallied all the way up here from the low on the 24th. Should be interesting to see if we get continuation to the down, but I certainly think it's...

Late session reversals are quite rare anyway. That kind of reversal is probably n = 1. Still, after this year, there's not much which surprises you any longer. Anyone who got that short? :)

Your timing on that post coincided with a 15,75 point drop (push?) in less than a minute. Well done. :)

Okay. Good to know. :)

Every swing (push) up or down fails at some point. As such - this seems like a very general statement to me.

Not at my trading computer ATM, so not sure what's in store for today. I usually start trading at 09:30. Good 'luck'. I don't look at them either, but I sure do pay attention to when they're released. Not doing so is risky for a day trader, IMO. I believe the last FOMC statements have...

I missed it.

Push down to where...? That's like saying the market will go up after it goes down. :)

Interesting. This raises further questions. Feel free to ignore or PM me if you prefer that. :) 1. Why did you move from futures? From what I remember - you were doing well. Did you lose your edge or did you just decide opportunity was better in crypto? 2. If you're 'in' crypto - does that...

Strong Open. It's quite likely we put in the Week Low on Monday, but there's the FOMC on Wednesday which could trigger some selling.

Did you migrate from futures to trading stocks? I seem to recall you as a futures (treasuries?) trader. Those who make 3-10K per day on stocks without even trying - what's their strategy and account size?

Well, my prediction for today's session was an Up Day. So far, so good. :) Have not made my weekly prediction yet, though. Not as bullish as you medium-term. FOMC minutes/statement on Wednesday?

We could roll over from here and drop down to 3338,50. But as long as we hold above the current LOD - it looks good for another leg higher.

3370 tag done.

Rangebound pre-market for sure. Best to stay nimble.

Bullish for today's session, i.e., should be a high probability of closing above 3338,50. Two main scenarios: 1. A strong rise from the Open and all the way to 3390. 2. Trading up to 3370 and reversing back into Friday's range. PS: It may happen we'll fill the gap from 3338,50 first, but...

I know a successful trader who does not use things I use like daily range. But he never said it was useless or meaningless. Just that it's not something he uses. Not necessarily quite how I use it as it's part of a predictive framework I use to anticipate the day ahead, but simply put, your...