Why I faded Fridays close.. again
- Thread starter KCalhoun
- Start date
I tried to tell you guys. I nailed it. Again. Yall should be a lot nicer to me, trying to give you all free alpha!
And thank you for the like nitrene.
That is very cool destriero. What is your Twitter tag or whatever? I will definitely watch and hope to learn!
Kenny's just saying "bear Market Rally". The Fed have stuck to their hawkish Guns and he believes they will continue to.C'mon, man! I give you some support and then you gotta double down. SMH.
I sorta believe it too.
If Fed goes 75 bps Nov 2 and remains hawkish, these gains will evaporate.
That's trading on macro fundamental data though and can take a lot longer to play out. The market had a weekly candle close above last relative lows, that's bullish probability short term. Although ES is near the resistance level of the weekly people we're posting and talking about, so still a chance short works out long term, but it's kind of unnecessarily risky. If we trade above Weekly resistance, than it starts to get real dangerous.
I wish more people would post their trades, positions, forecasts and P/L. Can't speak for everyone but ET has been a wealth of knowledge for me. Even though I ultimately settled on my own TA / Fundamental combo method that was not out in the open, many other winning methods have been shown and proven on this very forum. Props to Ken and anyone else who contributes.