Search results

Or you can gain election to Congress.

I'm not that big into forex, but that was the currency peg gone wrong that hit a lot of traders (and their firms massively). I think the lesson one learns from that is simple. If it seems too good to be true (i.e. massively overlevering on the can't miss trade...i.e. a perpetual peg that...

Yeah, I don't know why this is such a difficult concept to embrace. Futures are obviously trading again at 5:00 pm (CT), they get another jolt around Asian open, then the European open and quite obviously many algo's are gaming these sorts of tendencies, but the cash market (U.S.) is closed and...

If the market is closed between 3:30 pm (CT) on Friday until 5:00 pm (CT) on Sunday evening, then obviously no trading has taken place. Hence, the reason I believe that it is the only true gap in the futures markets. Once trading became 24 hours with Globex (Sunday evening thru Friday)...

That was a solid entry going into Friday, especially since there were great odds NQ was going to come off that pre-market high. The bigger problem, as always, is dealing with the one and only "true gap" on Sunday nights. Over the past few years, the real pain trade is always going into the...

Absent a few outliers, every significant down day gets the levitation treatment. Even the night of the SVXY implosion in early February, markets "were made whole" by the next day. The problem with it (and by extension everybody who plays this tendency) is the markets never "clear" or...

A couple of questions if you don't mind? 1. Do you trade the flies all at once (like a pre-set fly order) or do you leg them? 2. How do you determine the width of the fly? Is there some criteria as far as underlying range, perhaps IV levels or just a matter of what is the most attractive...

Also hit the .618 retracement (2677.25)

This NQ weakness (following the parabolic up spike) seems to continue to hammer down any upside progress in the other indicies. Looking at 6617 as another short term potential bounce area

Yeah for most people that works. Occasionally, I have come across a few people who seem to average well and do it consistently. But that territory is littered with corpses (even the good ones get nailed if they get careless just once).

Yeah, I've learned that lesson a few times...

btw, vincent. Take a look at NQ hourly chart on 3/23-3/27 upswing, 4/4-4/5 upswing, then yesterday to today. All of them near identical.

That's the gist of it. On closer inspection, NQ has rallied (almost to the tick) same amount as that 3/23 thru 3/27 up swing.

Regardless of what this thing does day to day, it trades like a bear market. You don't get these types of massive up spikes and downdrafts in succession in a bull market. Of course, it could still be in the transitional phase like 2007 and make some stealth move straight back up.

I've heard of a three scale strategy, never four, but I don't disagree with what you are doing, so long as you've got the patience to ride that thing out.

okay, you guys win.

I guess you missed 2017.

Yeah, complacency returns 2 days after sheer terror.

Meantime, Russell is feeling jealous and slighted by its big brothers.

lol, it is comedic isn't it? Nothing really changes. The "scary" Tuesday turns into euphoric Thursday. SPX/ES just about to reverse that entire move. SSDD