Search results

Unless dip buyers show up here at 4K / unchanged, this is shaping up to be a false breakout of last week's high. That low volume above last week's highs was an early warning.

To be honest, I don't understand why we would go higher for the rest of the year. Is this simply betting on seasonality? If so, keep in mind that seasonality is actually bearish in bear markets.

Not much follow through above last week's high, though. Very low volume.

Covered that one for a tick. ;) The market's in bull mode right now and most likely we grind higher into the Close, but not much time to monitor the markets now and I don't want to lose money today on a 10 point pullback. Very low volume/action above last week's high, though. Not sure if one...

Sluggish. Not much happening up here. My volume chart is barely updating here at the highs. Looks like the open gap above at 4066,75 could be a target short term. I'm a late long from 4014 and will be happy with 4020/25 intraday. Late entry, so will stop out B/E if not.

For the record, I’m not calling a top here. But based on prior action this year and current market conditions, I would be very cautious to read too much into this rally. It’s interesting that we gapped down on Sunday’s open and haven’t even been able to close that small gap. Makes you wonder.

Well, for me, I simply don’t see that anything has changed fundamentally that warrants a sustainable rally. Seems like the same pattern repeating as on prior rallies this year. People were pretty bullish and hopeful on these prior peaks, too. And the market looked very strong. I imagine a lot...

It was a firm called Funding Talent. See below. https://www.forexpeacearmy.com/community/threads/funding-talent-prop-firm-scam.70762/

It doesn't make a difference if they pay. But there is no doubt a conflict of interest between you and the firm as money earned by the trader is a net loss for the firm. As such, it seems logical that the firm will do whatever it can to avoid you getting paid. Maybe one day you lose connection...

That was my impression, too, but admittedly I don't follow the macro picture too closely.

Maybe not by you, but wasn’t the same said on prior rallies this year? Exactly what is different now that will sustain this rally compared to prior rallies which were sold hard?

The market also had dropped more than 50 % by then. The FED is determined to fight inflation right now. It’s a different situation and not comparable. Bear market rallies can be very strong and we’ve had several already this year. Something to think about… :)

Open gaps above. First is 4067. I chickened out for a tick on a final long entry, but I really wanted to be long up here today as it seems like one of those days. Bought a few tops in the past, so just gonna take a pass and keep my few points secured.

It's not a strong bias for this year, but Friday's last major swing is up more often than it's down. I was long around 88, but chickened out for 3 points on a trailing stop. That 4K print seemed like an obvious trade when NQ started breaking out and ES coming up at the HOD. I don't think I'll...

They want that 4K print today.

Currently working a HVN, but lots of air below after yesterday's move. I think that gap will close sooner rather than later. One large bar up and all everyone thinks is up. One large bar down and all everyone thinks is crash. :) The fact is that every prior rally this year have been sold...

That's a few spikey 1-minute bars today. Only watching from a distance today.

@Overnight is right, though. A market can be understood and traded technically, but these days it’s all about inflation and FED policy, so these last three reports have been major catalysts down, down and yesterday up. If that number came out 0.2% higher instead it seems logical we’d drop by an...

MES is good for swing trading and intraday swing trades, but less attractive for scalping due to the commission structure. 1 ES = 10 MES All in rates for ES = 2.04 All in rates for equivalent MES = 0.56 x 10 = 5,60 So, in comparison, the cost of trading MES is considerably higher. But unless...