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I'm with you Zandty. I for one am sick and tired of hearing from these rich, silicone valley executives and all of their bragging about their companies and how well they are doing. Meanwhile, the rest of the world is hurting. F-Them.

NQ 16:06 432 NQ 16:34 220 ------------------ 212 pts in 28 minutes...over $4000 or about $8000 per hour on a 1 lot.....$40k per hour on a 5 lot. How many people in this country can make that rate of earnings ?

NQ dropped 100 pts in 10 minutes !!!

Beautiful short on the double top....well done.

NQ is going to be CRAZY after the 4 pm close with all of the earnings announcements. Pinterest going wild today nearly 100 million shares in volume. The Robinhood crowd is buying call options like there's no tomorrow.....and brokers/dealers are buying the stock to cover their short call option...

Yep, NQ showed a triple top at 304-307, then dropped and then roared to session highs. Big head fake and likely due to short covering. Man, it's quite a bull-bear battle with this guy.

Yeah, but as he has always pointed out....he is in it for the long run and he is hedged....likely with SPY or SPX put options. As with the last election, we could explode back up pretty easily given the FOMO and TINA effect.

You are absolutely right on this. Moreover, with the larger ranges and higher volatility, you can make good money without the large size. When we get range bound and the profit potential is low, that's when you need to scale up to meet profit goals. I can remember 9 months or so ago trading 4...

Well that's a bit strange of a statement. Example: "I am scaling back because my son is having his birthday tomorrow". "I am scaling back because the price of crude oil is going up (or down)", "I am scaling back because an analyst is calling for steep drop in the market", etc., etc. The only...

Thanks for sharing. 1) re: "Footprint Charts". I once joined a trading room that used an elaborate set of metrics all built around these charts. The entire thing was custom-built in Ninja Trader. I quit after two weeks when they could not produce any consistent profits from using it. 2) re...

FOMO crowd still buying big tech.

This can work with markets that are trending intraday. The only problem is that detecting the swing has a bit of a lag...you'll never sell the absolute top or buy the absolute bottom. The other problem is that sometimes a swing is detected but it does not catch a trend reversal but only a PB...

Well, technically you should have a volatility measure and use that to set the stop on a daily basis as it changes.

That's why I call it "The Beast"....LOL.

So, do we have a SPBT (small pullback trend day) today ?

There's no denying that...but what's the FREQUENCY of when see these kind of days ?

Keith Fitschen, well known trading system developer, has mentioned this. He has created one of the most successful trend-following systems. However, that system is for longer term trades lasting weeks or even months. For intraday trading, he espouses counter-trend systems....based on his...

Well, the problem is.....the momentum changes....and quite often in ES and NQ. It's been proven that for intraday trading, counter-trend approaches are best. Sure, we have some beautiful intraday trending days, but they are rare.

Why not ? Is this a mental barrier ?

Helluva story Dude....thanks for sharing.