The bond market has already been uptrending . The buy that I mentioned the other day was on a pullback of the uptrend (both daily and weekly). A further bond rally does not necessarily mean further down for the SP market. Certainly the market would have to have some downs in it's future of course. It always does.
ES Journal Archive (2006 - 2008)
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The bond market has already been uptrending . The buy that I mentioned the other day was on a pullback of the uptrend (both daily and weekly). A further bond rally does not necessarily mean further down for the SP market. Certainly the market would have to have some downs in it's future of course. It always does.
the basing out is caused by covert buying.. using relative small size.. so that the average price is not inflated.
asians are chronically pessimistic... different mindset at work.. it takes a whole lot more to break the american spend spend mentality.
1 day post a plunge is the 2nd most dangerous moment, where risk/reward becomes skewed disproportionately so. If you understand trading dynamics, its the only time extreme size can be used and have the R:R in your favor.
Once intraday you detect a failure in a expectancy wave, then scalpers/daytraders smash it...floor traders who speculate will smash it hard.
Once intraday you detect a failure in a expectancy wave, then scalpers/daytraders smash it...floor traders who speculate will smash it hard.
more volatility will return when bernie is done talking.
just a little reminder, these rules exist to protect us from the destructive power of our ego...
Reviewing yesterdays numerous posts in this thread, I took note that each of the above rules was repeatedly broken yesterday. This journal now stands as a clear example and warning that mental stops, using an incomplete trading method, the inability to admit a mistake quickly and take a reasonable (small) loss, and not following your method when losses grow and take control are time tested direct paths enabling the market to inflict real damage to you.
If you cannot follow these simple rules, designed to protect you, every day and in every single trade, then you should not be trading in the highly leveraged futures markets.
OR test
new blood in the hedge fund world might not have exited with prudent risk management, the drop was too fast for mental stops.
I think there will be some forced liquidation of some funds.
I think there will be some forced liquidation of some funds.
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