Did I miss something
- Thread starter Jdesey
- Start date
Nah it's just nothing but more of the same talk for the last month ...same same same same same same same did I mention the same headlines....
Yep same headline from a month ago...
Tensions between Russian and Ukraine. Absolutely nothing has changed. As I said before it's all talk. I still believe nothing happens... the media likes to keep the hype going because that's what's its been for weeks now, just tensions brewing and nothing happening.
Dow futures drop more than 400 points as tensions between Russia and Ukraine brew
With the communist Olympics over, will China join the mockery of the USA and move into Taiwan?
Yes. you missed shorting the
European and US index futures.
always be alert because the market can move out of nowhere.
China may not want to mess with newest and perhaps scariest Biden appointee yet...Sam Brinton.
To be fair these are pretty small moves down considering the TA state of larger charts.... with potential catalyst to push them lower.
Pull up an NQ or RTY Daily chart for perspective. Look at that price action.... don't even need any indicators or fancy stuff. It looks pretty rough. Even slap on some EMA's they will be slopping downward and price is getting rejected every time we revisit and can't candle close above.
That is like a minimal requirement for any type of sustainable bullish move, is too at least candle close above some minimal benchmark which we haven't been able to do for 6 days on NQ / ES and 4 days on RTY.
If you go and backtest for 9 years back even using these rudimentary tools, not one time did we just turn around and shoot right back to the highs. Well there was one time actually where that scenario did happen. However, in that one and only scenario we candle closed above a minimal benchmark level prior to the rally. So, point is was better to wait for that and catch a high probability trade, than try to pick the bottom.
So, for what it's worth this my approach based on 9 years of data. Will continue to look lower and short rallies, if they the setup is there. If we do close above a minimal benchmark level than I will re-assess and potentially look long.
Pull up an NQ or RTY Daily chart for perspective. Look at that price action.... don't even need any indicators or fancy stuff. It looks pretty rough. Even slap on some EMA's they will be slopping downward and price is getting rejected every time we revisit and can't candle close above.
That is like a minimal requirement for any type of sustainable bullish move, is too at least candle close above some minimal benchmark which we haven't been able to do for 6 days on NQ / ES and 4 days on RTY.
If you go and backtest for 9 years back even using these rudimentary tools, not one time did we just turn around and shoot right back to the highs. Well there was one time actually where that scenario did happen. However, in that one and only scenario we candle closed above a minimal benchmark level prior to the rally. So, point is was better to wait for that and catch a high probability trade, than try to pick the bottom.
So, for what it's worth this my approach based on 9 years of data. Will continue to look lower and short rallies, if they the setup is there. If we do close above a minimal benchmark level than I will re-assess and potentially look long.
LOL you're that upset?
Ukraine known as the "Russian Breadbasket" and home to hackers that haven't yet graduated to GRU. And not a whole helluva else.
Tisk, tisk.
I've always said/believed education is not necessary for success. Screw GRU... The US president can't spell C++. FJB!
Either is class. The other kind.