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Actually, traders are not wrong either, they make the mistake of revenging when misread the market.

No crack down going to happen, the movement will die slowly and steadily. Sad but it will be the fate when no one want to show their face.

Interesting stuff due to your correct prediction of the Friday drop. Will follow this thread to see how are your future predictions go.

Yep, it has been a very very fun day.

The biggest enemy for new traders is under-capitalization.

I think losing 3k in such a day with wrong direction judgement, it already shows you have good position size management. Good work!

WTF, wish you all the best without all the haters here.

Must be from the lady, LOL.

Great call Des.

FWIW, I used AMP futures' I-Systems before, actually several of them. At the end of the month, I found my bookkeeping numbers is very different from the statements AMP provides, obviously I should have more profits and less losses based on the Systems' published trades and results. I wrote to...

Thank you and looking forward to your posting the trades here!

Could you please elaborate on how you establish such a position? Thanks

Take it easy

the daily charts say the downtrend might end around 51.

As traders, we are in the business of finding turning points on the chart (if one does not use a chart, in the prices), the price turns when there are more people using their money to bet a certain point is the turning point. If the majority of them use some drawing tools, with big money...

Try this: First, find the trend direction of the next hour or half hour or so. Do the following: on your 777 tic chart, take a side, trade your side (long or short), watch the price move, then, tell yourself whether you have found the right side (long or short), there is only two answers, you...

Reading online news and trying to make money either long or short China is but a pipe dream......

I run a not yet profitable organic food restaurant and my current family eats here two meals a day. I have four kids, age from 1 to 17 from two marriages to support. I mentor three junior traders who lives in China. I also pay salaries to a few Engineers and manager for my other projects. So, I...

I followed all posts in this 23 pages long thread. Thank you for OP and many others who gave me insight to this observation. I believe that OP is searching for a method to trade this, good luck.