Gotta love ZERO RISK in the SP500 = $$$

[Autodidact]

I can still see the technical nature of this market when I'm viewing it without bias..i.e. this thing does enter a "predictive state" often enough to be worthwhile, but there are certainly days that test my patience since it can shift between the slow rolling chop back to the zig-zagging high volatility type movement...I'm better off putting in the orders and not watching it...

The market is exceptionally skilled at giving a signal then instantly wiping early adopters without them being wrong about direction just unfavorably positioned. It is also very much possible to be favorably positioned but as inferior fills but that will play mind games with amateur traders because they simply feel they are shorting low or buying high; the feeling of being too late aka the hard trade.

These are powerful market mechanics that you should study thoroughly but then again since I don't post a track record audited by Yellen herself I'm probably full of shit right?

 

[NoBias]

but then again since I don't post a track record audited by Yellen herself I'm probably full of shit right?

Blue eye's indicate a quart low... ;o)

 

[Visaria]

long ES 91.25, 10 point stop, targeting 2100+ today

 

[Visaria]

i iterate what i said yesterday: markets shrugged off the downing of the russian warplane, what is going to make the market go down if not that?

 

[romik]

FWIW DAX is at 200 Daily SMA, whichever way it goes there ought to be a fantastic range expansion opportunity.

@Autodidact wouldn't you say a confirmation would be prudent in this case?

View attachment 159483

Taking 200

 

[FCXoptions]

slow day today

 

[der_kommissar]

These are powerful market mechanics that you should study thoroughly but then again since I don't post a track record audited by Yellen herself I'm probably full of shit right?

Understood. I've been studying the markets for many years, taken time off from trading, come back, etc, etc...I'm aware of market mechanics, etc...much of the time it's a matter of "synchronizing" observation with trading execution...same things that others deal with.

It would be cool if you could just make your observations, talk about your opinions on market direction without the added attitude. This thread is mostly devoid of trash talking and shouting down others opinions. A few weeks back Recession2016 posted a chart probably a couple of days before the swing highs in early November and you ripped him a new one...completely off base, IMO.

 

[Autodidact]

Understood. I've been studying the markets for many years, taken time off from trading, come back, etc, etc...I'm aware of market mechanics, etc...much of the time it's a matter of "synchronizing" observation with trading execution...same things that others deal with.

It would be cool if you could just make your observations, talk about your opinions on market direction without the added attitude. This thread is mostly devoid of trash talking and shouting down others opinions. A few weeks back Recession2016 posted a chart probably a couple of days before the swing highs in early November and you ripped him a new one...completely off base, IMO.

I suppose everything comes at a price.

 

[noddyboy]

slow day today

It is a slow day when S2007S doesn't post about how stupid the media is.

 

[i960]

I suppose everything comes at a price.

It's not really that man its just that aside from a few minor things the thread has positively been like the Ag Ideas thread - devoid of "I know more than all you idiots" type stuff.