Kudos to MMs

Quote from kinggyppo:

perhaps if you gave nitro a hot branding iron to his hindquarters for every 10 point loss he would put a stop in. :)
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"Never tell me the odds" - Hans Solo
 
NFV 1099.14. ANFV 1152.58. SPX 1180.26.

Out ANFV at 1180.26. + ~1.

This is the like the fifth time that there has been about 10 handles to take from ANFV daytrade, only to have the market rally in the face of the selloff into the close. I have to let the system be what it is. I have ideas as to how to compromise between ANFV telling me there is huge edge and therefore makes no sense to take profits, and the reality that people want an "overvalued" market.

Thing is, one is simply caving into the instant gratification of curve fitting, the other is following correct theory. Not so simple as it seems...
 
Quote from Runningbear:

Nitro, can we have a rundown on EANFV?

Runningbear
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It trys to guess where ANFV will be in the morning on the open. When I put on that trade, it was showing < 1150 SPX.
 
This is pure speculation, but I am going to forecast slightly surprising higher than expected people were hired. The market will react higher at first, shaking out shorts, then when it realizes that good news is bad news, go lower, much lower. I know I know, wishful thinking. Hey, it's my thread.
 
Quote from ammo:

what empl #s are u referring to nitro
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The next one on Nov 5. I think there is some unexpected economic activity going on, but I can't tell if it is seasonal or not. I think market will be surprised.
 
Quote from nitro:

The next one on Nov 5. I think there is some unexpected economic activity going on, but I can't tell if it is seasonal or not. I think market will be surprised.
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This is going to end so badly. I just can't understand why nitro doesn't see it. A genuinely smart guy that's going to flame out.
 
thanks,,i thougt forex factory might have missed one,market is sitting here like its waiting for fed announcement,one guy i follow has the oct 23 as a cycle date, that coincides with the g20 this weekend
 
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