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I've tried to follow Scott Carney's material, and understand the basics, but never really fully committed to studying it. Sometimes, when I see an M or a W, I'll draw some fib levels just to see potential reactions, as a nice to see kind of thing, nothing that would really influence trading...

I've seen this. That's actually what spurred my discussion.

I'm not big on macros. I mostly focus on charts of individual markets and groups of stocks. But I have this voice in the back of my head telling me the whole world is neck deep in debt. and after each crash since 2000, the fed just patched the problem with more printing, which led to asset...

Are you aware of developments of ai or ml in trading systems currently or for the forseeable future ? The way I think about it, it's taking a ton of work just to get an ai to drive a car. They're probably already better. But I feel like there are so much more nuances that a trader needs to have...

Wow thanks!

he's saying markets generally go up because of economic growth and devaluation of fiat currency. so over the long run, the market trends up (suggesting positive sum) then someone else brought up transaction cost, which suggests a negative sum game because market makers profit from your bid/ask...

I don't know that much about quants, but my understanding is they focus almost exclusively on micro time frames and arbitrage opportunities. There are other automated systems that trade on larger time frames, but those are no different than hand traders, except the executions are done without...

inflation? where? shouldn't we have seen it for the last 20 years, but it's nowhere to be found? The money needs to be spent for there to be inflation, and most of the "printing" is done in the form of availability of credit, which the FED can take off the table when they see the need to do so...

What signals are you guys watching besides powell?

ADR is like ATR but without the gaps and is expressed in %.

I've gathered from more experienced traders that the bulls needs the nasdaq to go up for their setups to work well. At this point, we've formed 2 bearish candles on the monthly, with a huge divergence between the 10 and 20 period MA, which historically have been areas of support. The weekly...

I feel like taking screen shots and marking the entry/exits with comments of what went well/not well are a lot more useful than a table of entries/exits. Perhaps it's good to keep a combination of screenshots/labels, as well as a spreadsheet that keeps track of daily/weekly/monthly p/l anyone...

yep during parabolic moves, premiums are highly inflated due to high volatility. the market will be pricing in downward move already, so skew will be crazy. your better bet is put spreads, which are pretty much vega neutral. even then, you might run into dead cat bounce, the option chain may be...

Based on what I've seen, there seems to be a clear correlation between really successful traders who come from video gaming backgrounds. Supposedly, video gaming trains you to stay calm and focused when shit hits the fan, and because trading is so much psychology oriented, I can see this being a...

I'm trying to up my journaling game substantially so my results can improve faster. This game is chess and I realize I've been playing checkers. I feel the need to have a better journaling process, beyond the simple price in/price out, time of executions, p/l $ and %, but also what the plan was...

honestly should've done nq. p/l would be higher by about 25-30%, if it works out

way way over sold. calm ur tits /es

i'm betting on a relief rally overnight to 3845 area before further sell off. i want a good short entry going into next week/this month

are you looking closely at the EOD close of those market indices as indicators to help you gauge sentiment for how /es might move during those times? or setting up your play beforehand, and either it takes you out quick, or takes you on a nice ride.

do those correlate to overseas markets? can you elaborate why they're generally more volatile?