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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from volente_00:
on the first up day, the smart money is buying
on the second up day the semi smart money is buying more
on the third day of the move, the dumb money is puking their short positions and buying late to the party as the smart money starts lightening up into this covering.
On the fourth day, the dumb money will be forced to puke their longs on the orchestrated down move from the smart money.
Where are we at in this picture ?
Hint
divergence between volume and price increase
divergence between volume and price increase
Quote from volente_00:
on the first up day, the smart money is buying
on the second up day the semi smart money is buying more
on the third day of the move, the dumb money is puking their short positions and buying late to the party as the smart money starts lightening up into this covering.
On the fourth day, the dumb money will be forced to puke their longs on the orchestrated down move from the smart money.
Today is the second up day not counting Tuesday. Am I missing something?Quote from volente_00:
Where are we at in this picture ?
Short NQ 2028.75 off possible capitulation volume and little PA structure with some 1m div potential... stop 2029.75
tentative target 1923
1m D closed... 75% probability of seeing 1927
covered 1927.27... i don't like how slow this is taking
tentative target 1923
1m D closed... 75% probability of seeing 1927
covered 1927.27... i don't like how slow this is taking
ask yourself 1 question and 1 question only. how many times has
anyone seen volente 00 say he's lost on a trade. 1 time? maybe 2 or 3 times the past 6 months? a scalp trader trading 5-10 times a day losing 2 or 3 times in 6 months?answer that question and all your questions are answered. see when you have 30 different rules from rule of 10,20 or 30 to tons of other rules you can claim victory every day. on volatile days volente's a scalper and on straight up days like today he buys and holds all day. see all of you can bat 1000. i want my ribeye medium well
anyone seen volente 00 say he's lost on a trade. 1 time? maybe 2 or 3 times the past 6 months? a scalp trader trading 5-10 times a day losing 2 or 3 times in 6 months?answer that question and all your questions are answered. see when you have 30 different rules from rule of 10,20 or 30 to tons of other rules you can claim victory every day. on volatile days volente's a scalper and on straight up days like today he buys and holds all day. see all of you can bat 1000. i want my ribeye medium well
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