Search results

You nailed it last time. Today, not so much. :) I'm not at my trading computer, but in % change I think today is a bigger day to the upside than the largest day to the downside this year.

Maybe. :) Should be interesting to see if this is sustained in the days and weeks to come. Let's face it. If today's CPI report disappointed on the other end we'd probably be down instead.

Ouch.

I’m sure you’re aware of the massive moves on the prior CPI releases. I suppose we can’t rule out something similar to the upside. Careful. :)

Winning in the lottery would also take care of your lifestyle needs, but the probabilities for winning are very low. Trading to amass wealth or even just a living is just as probable for the OP or anyone who are new to this game as it is to win a lottery. That's not to say it isn't possible...

I think there are other choices than those two, but for most that's the two choices on the table. What do you trade with such a wide spread? Isn't that your style as well? Clearly you went long because you assumed price would go higher from your entry point. Why would you have price go 20...

True. I also have a rule about never letting a (big) unrealized winner turn into a B/E trade, but it can be tricky to manage as one can often end up trailing out too quickly. That is also one habit which can send you to dark places and make you trade irrationally afterwards wanting to "make it...

Could you say why you expected it to drop at 11:30? What do you base your forecast on? The subject of time/timing windows is something I have some interest in too, so would be interesting to hear more.

I love to run these once in a while, though. Everything including stop/limit/trailing stop is automated by Ninjatrader after my entry. I only sit back and wait for the orders to execute and ring the cash register (yes, I actually have that as a sound when take profit orders are filled). The...

That's why I pretty much always B/E my entries. Roughly: 1) Scalp trade for 1.5 points: B/E after 1.0 points of unrealized profits. 2) Scalp trade for 3.0 points: B/E + 1 tick after 2 points of unrealized profits. 3) Intraday swing trade: B/E or at least risk reduction after say 5-7 points...

I started participating here actively post financial crisis and started actively trading for the first time, then. I believe a common view was that QE would destroy the economy and there were plenty of people who kept shorting the market. Eventually, a few or most of them gave up/blew up. Some...

14 point counter-move starting at 13:58. I'm sure many including me interpreted that as a possible bottom. Current counter-move starting at 14:31. Only 7 points so far. For me, it can be hard to read these kind of moves correctly and to interpret them as simply counter-moves and retraces in a...

Oh, the f''ckers been doing that with me all day... :)

This is a yawning bear so far. A slow burner. 2008 was a financial crisis. I didn't trade actively, then, so would be interesting to hear comments from people who traded then. 2020 saw some real panic, too, with some crazy days. 2022 is pale in comparison. We haven't had even one limit down...

Plenty of people/machines who will try to pick a bottom here at the week low. But these weak bounces tell me there's no real buying. Yet. Down we go?

Obviously no resting orders here. Just very weak bounces. Not enough to hold this up, I think. Major flush any second is my guess.

This is weak AF. Will not hold.

Bidless market. Last chance to put in a bottom here. If not - why not 3750 today?

I'm very interested to see what happens if 71 breaks. Not much bid in this market for the last 60 minutes. Hourly and 4-hour looks like a disaster, but possibly very overextended.

Monday's Low at 71,25 coming up here. I don't see much support below that until 3750.