ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
*BELCH*
Mind you---The monthly downtrend is still fully intact, so I'll be watching closely for the weekly to turn down again fairly soon.
GAH! That all depends on the Fed, and NOT technical levels!
Dude, you make no sense at all. How the f*ck would he know even before it happens?
It's like me asking you to predict where the market will go after next FOMC. Would it go up or down? Dig it?
BTW last time I checked, traders and investors don't PREDICT but REACT to the news. It's the same thing with charts. Once the trendline is broken, traders will take it up higher. Otherwise, they'll take it down.
So if B1 does not trade on news, and does not trade on technicals, then what does he trade on? Hell...What do YOU trade on?
Somebody has to donate liquidity so that those who "get it" can profit.
I can't speak for B1, but you trade by reacting how the price moves, because news is already reflected in prices.
If this is true, shouldn't the market be much lower now, considering that we've had series of "significant" rate hikes (Powell's own words)? But no, the market decided to ignore the bad news and climb itself out of the hole.
Fundamentals are only fundamentals as long as traders act upon it. If they deem it irrelevant, they'll just get swept under the rug. Well, that's not to say fundamentals are completely useless. But prices already tell me where the market wants to go and that's all that matters (for me, at least). Hence, why news is only a hinderance.
All of you are all wrong. If you were right, truly right, all the time consistently....you'd be sitting on a yacht in tax-free Monaco right now.
Eating some syrupy fish, seafood platter, dish with white wine.
Eating some syrupy fish, seafood platter, dish with white wine.
Incorrect. Not everyone who is well to do worships material possessions or treatment.
If that's your cup of tea then good for you. I'd rather embrace the freedom of time and help people that need it more than I do.