If only all days were like today.
Anyway, I say stochastics are better than sliced bread.
Which ever way you slice, dice and apply them they give you a comparative view of the market that you are trading.
Viva la stochastics!!!!!!!!!!!!!
Which are the best markets to trade?
Let us say that the best spread of markets to trade have a low or unpredictable correlation, for obvious reasons.
So what is the best spread of tradeable futures .....
ie ES, Corn, Gold, Oil,Bonds
No a bad summation TB.
Let us all relax back and listen out for the next message from Big Al.
Something is bothering the man and he needs to get it off his chest.
My sincere apologies BL, I thought that you were backing up a call to see my book.
No there are no raw nerves, just an admiration for all those who undertake this journey in good faith.
Once again my sincere apologies and good trading to you.
BL,
When you start trading and gather your confidence both you and Lance and all the other paper warriors will realise that this game is only about money.
Why else would you sit all day every day in front of a screen if you are not making money unless of course you are deluding yourselves...
Long 1399.00 ESH7 Target: Prev Close
Out at 1405.00 , 6 pts profits, 500 lot.
Well done Lance.
A very useful 150K this morning.
Which exchange are you using because you are not printed through the cme.
The shorts grabbed control of the ES Feb 15 and did not let go until yesterday.
Each day from the 15th of feb they build an accumulating position on the bid, long before the China dive and long before that talking head Greenspan managed to get his pre-prepared speech in place.
I tried to...
Now here comes the fun bit.
Firstly ask yourself what day did Greenspan give his speech that triggered of the slide on the chinese market.
Now that you got that, ask yourself "what is the real root cause of Tuesday's selloff"
Yesterday was the first day that the shorts have not had control of the day since they wrestled it from the longs on Feb 15 and began building on the bid.
Every day since Feb 15 the shorts have continuously assembled their position until yesterday's "take profits"
Not that it really matters, because the market will go where it wants to ... but
Your next resistance below yesterdays LOD are ....
77.50; 75.50; 62.50
I see nothing at 64.00
I would not be too concerned about about predicting (guessing this market)
Maybe it continues to drop...