What was that ES move about
- Thread starter 4dog
- Start date
NQ
NQ candle
Yeah, seems strange to me, too (though in the days of gov intervention, it shouldn't). What I don't understand is that knowing how the markets are totally manipulated now, I still think a TL break means something. I still haven't accepted the fact that a 5 minute bar today might be worth the value of a weekly bar just months ago. And yet, I still try to use the techniques of old. Boy is my face red (along with the value of my trading accounts today). Think I'll take some time off till the market manipulation is over...wait, that means time to look for a new job.
Sorry for the vent, just tired of the shit. Liked it better when there was a two sided market, and an occasional counter trend trade was a reasonable bet. I have been unable to get myself to join hyper extended market moves. Maybe if I had been a trader during the tech bubble...
It's been this way for ages though, and probably always will. The manipulations and bias is extreme - I try to embrace it.
Of all of my posts, about 90% of them are realtime calls on the ES....ALL LONG! I only ever trade the ES to the long side. After watching others lose money over and over again by trying to short it, it seemed obvious and hasn't let me down so far!
Or if that doesn't float your boat, just move on to a different instrument.
For 2 sided trading, I like Oil and certain FX pairs. Mainly GBPUSD personally.
Spy Daily
End of Quarter hijinx it appears to me. That rumor about the two macro funds could easily be just a load of disinformation to goose positions into March 31st. Since nobody is ever held accountable for bullshit and unsubstantiated rumors, it's just non-stop speculation about further QE announcements and other such stuff.