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Too many bears, therefore any pullback will be a dip buying opportunity, especially since this market has not had one. The bears are desperate with such desperation a short squeeze tends to follow. It's march not may, therefore, this is not the top.

Stop to entry FoN

Hard to go against Job #s in election year. Obama to Feds : Make them look good :D

I'll add to this. If you see a double bottom fade it, has a better chance of breaking, thats how useful this "price action" is. The more I study the more convinced I am, that most double bottoms break and most double tops end the same. Just try to shoot in favor of the trend, very...

Price action is a farse because no matter what plots anything can happen. Everything fails and works so much its almost like random. In fact, it also chops a great deal, which adds to the trader damage, the end result is horrible, except the gurus post their history charts making it look...

Been trying to follow your reads but I see lack of conviction in most of the reads. If up then down, sort of stuff yet when you come back to revisit what was posted most of the replies begin with "As I ....." Not to break your balls but a little more conviction would be more convincing to...

I dont get this post. If the Qs drop on that day it's because AAPL is collapsing so you better off buying the AAPL puts not vice versa. As far as the risk, you are buying, not writing, therefore your risk is known.

I read somewhere in this journal that the week where unemployment is announced tends to be incredibly bullish.

expense ratio of 0.55% little high

Short 72.50 Stop 80 Looking for a break of 50 FoN

I enjoy your journals, wish you luck and good fortune on the new one. FoN

Probably better to accumulate shorts at higher highs and never at lower highs right?

Ammo, One thing Ive been noticing is that ES tends to have a hard time making higher highs after it makes higher highs. ES is very different when its rallying off the lows than when it gets to recent highs and tries to break out. I guess what im trying to say is that it breaks out...

Is it me I cant pull the trigger long All longs working but Im petrified lol

That happens to me all the time. It's why i stopped trend trading. I see HL HHs and the trend ends when i get long lol

Never understood why Jurik MA is useful. It will tell the past, but for that nothing will like price. It wont predict the future, nothing will, so whats the point? Beats me really.

What would 20 and 10 pips be in ES, how about NQ and YM thx

Revisiting this old discussion I created. Well, it worked "ok". Why because I caught the rally way underleveraged. Another downside of averaging down. FoN

That's not necessarily true. What if took major heat on a trade that you kept adding and then you ran it all the way home?

Perhaps all in all out is the best way to do it.