ES Journal - 2014
- Thread starter murica
- Start date
Thursday is a shortened trading day.
http://www.cmegroup.com/tools-infor...r/files/2014-4th-of-july-holiday-schedule.pdf
$35 bil per month and counting, you just got to love the enormous balance sheet they have amassed in less then 4 years. Average is just over $1 tril per year. Not to mention they are the bag holders now of some of the most toxic assets in the world. It's comparable to an Alpha Male driving a 6 figure sports car down a street all coked up drinking a bottle of Vodka and not recognizing the brick wall they are about to hit.... ROFLMAO.
It actually won't be very funny when the asset bubble finally bursts. Until that time comes, BTFD!!!
The FED involvement makes it easy to make money though which i love.
You know that it will keep going up. The only hard part is timing the trades to get the biggest chunk of each move with the smallest amount of heat, but even that isn't overly improtant because even a bad entry will be a good entry pretty soon when price starts to climb!
I feel as though we are living in an amzing time where it's so easy to make money, but it's only really pink who has been creaming it for the last few years whilst most fight the Fed and obviously lose. Most have lead 1000ES points slip through their fingers! I think there's another few thousand to go though, so it's not too late.
You know that it will keep going up. The only hard part is timing the trades to get the biggest chunk of each move with the smallest amount of heat, but even that isn't overly improtant because even a bad entry will be a good entry pretty soon when price starts to climb!
I feel as though we are living in an amzing time where it's so easy to make money, but it's only really pink who has been creaming it for the last few years whilst most fight the Fed and obviously lose. Most have lead 1000ES points slip through their fingers! I think there's another few thousand to go though, so it's not too late.
No you really don't know that " it will keep going up". It's important to recognize that this market is an anomaly for whatever reason. You need to be prepared to recognize when the game changes.
Mkt has a way of getting traders comfortable and out of nowhere bam!
Strats have to be adjusted accordingly. You only find this out by experience. A large % of newbies go through some sort of pain before figuring it out.
Today is scalpers dream, clipping highs/lows to run the stops and feed retail all their dreams and go other way. The high of the day was perfect, running the stops on high volume and making double top, load up boyz cause it all fall down. ROFLMAO
But on one minute excellent pattern and you can look to see high volume coming in and the Doji was kiss of death to sell that with tight risk. Usually most times when price goes vertical you can expect it to go other way just as hard and faster on lighter volume cause the Big Boys are already short.
But on one minute excellent pattern and you can look to see high volume coming in and the Doji was kiss of death to sell that with tight risk. Usually most times when price goes vertical you can expect it to go other way just as hard and faster on lighter volume cause the Big Boys are already short.
LOL...love the comment about feeding retail all their dreams and going the other way.
what this thread needs is a cool hand
getting comfortable is the psyche that is taken advantage of, going thru pain is the introductory course for a change in that psyche, best taken in sim, unfortunately the ego insists to learn on cash, ka ching for wall street and vegas,, like the dems and reps, probably the same entity