thought we might get a trend day going , trans took out yest highs, threw a wrench in that scenario
Why are "trans" so important to trades in the futures indices? why trans over the other sectors?
thought we might get a trend day going , trans took out yest highs, threw a wrench in that scenario
trans don't really trade as an index ,future wise, so it's less manipulated,more of an honest picture, like to think of them as mrs spu,if he's partying to hard, she tells him , time to go home, unlike nq,currencies ,bonds, dow, es usually listens to transportsWhy are "trans" so important to trades in the futures indices? why trans over the other sectors?
I took long term short trades in Indexes yesterday, hedged as usual in case markets play games. It is very foolish to go against the markets long term unless one is hedged.
thats a short an more short, you would have to fractionally be long nq,ym or tf, ym /es is almost one for one so if you were short 10 es and long 6 ym, you would be fractionally shHow have u hedged? Long 30 yr bond?
Long SPY 190.20
I'm back.
Looks like The high was 191.58 lol. So Still holding it.
should hit my profit target tomorrow.
Probably only a small rally tomorrow and then a ramp up on Thursday I guess.
I took long term short trades in Indexes yesterday, hedged as usual in case markets play games. It is very foolish to go against the markets long term unless one is hedged.