magnified
ES Journal - 2016
- Thread starter Buy1Sell2
- Start date
short 2011... 9 points sooner. playing huge ATR edge.
lol all newswires sp500 tops 200 day MA...
very positive news for the state of the economy going into FOMC.
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a major risk is a possible disparity in the FED's aligned policy of tightening and real world realities. That misalignment led to the Great Depression, when the FED started tightening when it shouldn't have.
if there isn't another great depression, how do you expect shorts to make any money in this market?
another nice chart
IMO/E I would say that it's definitely better to trade less often and await strong trend times, like now in the equity indexes. Strong bounce off lows paired with MACD Lines travelling far apart and buy dips at something like 10 SMA daily. Seek out opportunities to reduce risk and by doing so increase profit targets making even a low probability a lucrative enough strategy.
short 2011... 9 points sooner. playing huge ATR edge.
lol all newswires sp500 tops 200 day MA...
very positive news for the state of the economy going into FOMC.
2006.75 covered.. Any retrace of the highs is free money essentially..
Will look to sell 2012 to reinstitute position.. Just hype and BOJ FOMC will touch highs again.