Yeah, once you learn what truly is going on, trade long enough to where almost 99.9% of situations happens and have answers for all the "what ifs", nothing is abnormal. I always find it amusing when traders say the markets are acting very weird and that all have changed, all that tells me I am an old fart and it has all happened many times in the years I have been scalping these markets.
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ES Journal - 2014
- Thread starter murica
- Start date
Yeah, once you learn what truly is going on, trade long enough to where almost 99.9% of situations happens and have answers for all the "what ifs", nothing is abnormal. I always find it amusing when traders say the markets are acting very weird and that all have changed, all that tells me I am an old fart and it has all happened many times in the years I have been scalping these markets.
Yeah, once you learn what truly is going on, trade long enough to where almost 99.9% of situations happens and have answers for all the "what ifs", nothing is abnormal. I always find it amusing when traders say the markets are acting very weird and that all have changed, all that tells me I am an old fart and it has all happened many times in the years I have been scalping these markets.
Handle,
I've seen thisbefore too; what i am saying is this PA is unusual. Unlikey. Strait down, strait up full retrace and no pin action after all that. It's happened in past, but ES & YM stalling out flat lining w/o a significant PB after all that buying..well i believe that's unusual. Not unheARD OF.
that's why i am short YM here. it must give back
Handle,
I've seen thisbefore too; what i am saying is this PA is unusual. Unlikey. Strait down, strait up full retrace and no pin action after all that. It's happened in past, but ES & YM stalling out flat lining w/o a significant PB after all that buying..well i believe that's unusual. Not unheARD OF.
that's why i am short YM here. it must give back
I have learned hard way that I simple trade each market as if it was totally differently, sometimes I am actually long one index and short the other.
NQ short 3725.25 sl 3727.25 20 ticks target
plus 2 ticks
I have learned hard way that I simple trade each market as if it was totally differently, sometimes I am actually long one index and short the other.
That's interesting I always trade them together with assumption that at some point they must achieve parity due to arbitration.
In this instance, I would expect Nasdaq to rise here to meet the falling DOW and S&P.
ES short 1922 R8, T 4 ticks
so I added on at 1922.25 and 1922.50, no fills on 1922.75, and made plus 4, + 5, + 6 ticks
There was a nice short at 3726.75 on breakdown of highs.
Here's hoping once this snowball gets rolling down hill building momentum it rolls right thru a support level or two. once the weak longs see this is over (for now) they'll fuel this selloff/PB