That is clearly not what I said. Read again: what we know, it knows. So there is no sense in trying to get ahead of the curve. But there are very good odds that the market priced in the Greek default in August and possibly even a mild US recession. Anything worse has not been priced in, but betting on that before it happens is foolish.
ES Journal Archive (2011)
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That is clearly not what I said. Read again: what we know, it knows. So there is no sense in trying to get ahead of the curve. But there are very good odds that the market priced in the Greek default in August and possibly even a mild US recession. Anything worse has not been priced in, but betting on that before it happens is foolish.
Quote from Picaso:
Trade it in demo, then. Never miss a learning experience and don't let previous past experiences traumatize you (easier said than done)
Just talking to myself, LF.
Maybe
But I`m reasoning that my income should not be based on the two hours that is left after the FOMC release, no matter how skilled I get. Better to let the big guys bleed than me, right?
The directionless volatility that we might see can quickly do big damage to my account, although I have probably improved some since the QE2 release.
NQ gap below begging to get filled.
I think 94,50 will break now.
I think 94,50 will break now.
Are you shorting for the day or till the end of the week/month C?.
NDX monthly chart. Back above 2007 highs and the perfect bounce off the 20 month moving average this month. Note precise resistance this month at the 10 month moving average. The monthly close is what counts longer term, so that is the broad zone we are playing with now. No need to get massively complicated.
NDX (NQ) is the leader to pay attention to. Wait for a monthly close above the 10 month or below the 20 month before making wild assumption,
As an aside, bears rarely put up an NDX chart, it sort of foils their arguments since 2009. It was the bullish divergence of NDX in March 2009 that kicked off the rally (its lows were made in November 2008).
If you did not spot that, you missed the bigger part of the rally.
NDX (NQ) is the leader to pay attention to. Wait for a monthly close above the 10 month or below the 20 month before making wild assumption,
As an aside, bears rarely put up an NDX chart, it sort of foils their arguments since 2009. It was the bullish divergence of NDX in March 2009 that kicked off the rally (its lows were made in November 2008).
If you did not spot that, you missed the bigger part of the rally.
Support is defended every time. Just postponing the inevitable or what?
Short @ 93,75. Stop @ 96,75. Target 1180 or whatever NQ needs to print to fill it`s gap.
Please drop now and stop buying. Thanks in advance
Please drop now and stop buying. Thanks in advance
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