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Picking tops and bottoms = fool's game.

ES 2060!!! LoL and I thought I did good after I took profit on my longs right at the morning's top tick (2041). This thing is nuts, the V shaped reversals are getting more violent each time we get one, I think this shows that traders are getting accustomed to this, so its getting riskier to BTFD.

stalled at 41.25...

ES appears to be targeting 41s. Its going to be nasty for the bears (if there are any left).

ES is behaving like its a derivative of CL now, WTH...

Looks like the algos have gone nuts, the correlation between CL and ES is near to 1 now, when previously it never existed.

Basis for speculation? How about Greed? :D But I couldn't care less really, I'm just happy to know that these fools got killed (again), the oil producers turned out to be the biggest winners, many of them wouldn't ever be profitable if it wasn't for these hedge funds.

Oil prices are not low, they were extraordinarily high due to speculation. Its reverting to the mean now that the large specs (hedge funds) are getting flushed out. These guys were obliterated and I think they will not be back any time soon, this bodes ill for oil producers because they were...

It isn't retail, its the hedge funds. Large spec net longs went to record highs in July (450k contracts with the median being <100k in the last 20 years) only to decline sharply in the months ahead when prices plunged. These guys were liquidated, destroyed. This is a classic parabolic move...

Uh huh so whats the point of even bothering with this with just 0.5% of your account in it? It wouldn't do anything to your account even if gold went up 20% from here (0.1% of your account), unless you just want to be "right" (as opposed to making money)? No idea what this is about but nobody...

Aren't you down something like $60 on your last GC long? Thats like 5%, with zero leverage. Looks like a massive loss to me, considering the fact that it occurred in such a short span of time.

Say what?

Entering a trade after you see a reversal isn't picking tops and bottoms...

Another brutal day for gold. This is why the pros will never try to pick tops/bottoms.

Back to new highs already.

V shaped reversal followed by grind up to previous highs after every single selloff, this is almost too easy, did everyone catch on to this already?

"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass." - Paul Tudor Jones

Most were slaughtered by the grind (decay).

22-24? I know what you are seeing, but I doubt there are many stale bulls left from that area now, most would have capitulated from last week's massive selling. In any case the VIX has crashed again so the market is back to being dull, it never pays to sell a dull market short.

This is so predictable...