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Still struggling to get any real traction k..it really is a tough cookie to crack, this fed juiced es.like you said..declines can start from anywhere and be sudden and devastating.no one said it was going to be easy i suppose.lol
Absolutely Houd, but this new game of QE, post 2008, really has distorted so much of the trading and our need to adapt.
Take Oil, last month it was -35$ and now it is $35. There is no rationale, all speculation and stop runs.
Plan your trade, trade your plan!
I might be wrong, but ideally want to run this into close, if not it carries forward into tomorrow.
Plan your trade, trade your plan!
Should have stuck to the same plan of taking smaller profits today and not get greedy. I had 7 points profit and all vanished in a flash now.
Plan your trade, trade your plan!
Should have stuck to the same plan of taking smaller profits today and not get greedy. I had 7 points profit and all vanished in a flash now.
i know that feeling well today! Closed my last short for 2..had nearly 10 in it..gonna wait for tomorrow in case these insane futures buyers come out in force again
NYA: for the NYSE I see the likelihood that we have entered wave ‘C’ upwards (same for the other indices). Wave ‘B’ came down to just about overlap ‘A’ and now we have a ‘gap up and go’ into wave ‘C’. The target is much higher than current prices.
The alternative view is that this is the middle part of an expanded flat, in which case the market should fall sharply in wave ‘c’. That’s possible, but not the most likely option.
The better view is that we are trying to complete wave i (of 5 of C) which should touch around 11,626 before falling in wave ii.
As mentioned before, if this *is* wave ‘C’ the breakaway gap will not fill.
S2L … early low and rally is my view today.
No position but I would like a low to buy.
Never give up, never surrender.
To give me some interest whilst markets sort themselves out.
Long Ftse 6032 x 2
Short Ftse 6032 x 2
I will swing these depending on which S2 we get.
Never give up, never surrender.
Early doors euroland PMI data
US PMI data
Fed speak
A lack lustre market may flip and flop all day
Never give up, never surrender.
closed 2972.6 short from yesterday at 2948.6 for 24 points.
Closed 2960.9 short at 2948.6 for 12.3 points.
Overjoyed with the carryovers and then plan.
Phew!
Plan your trade, trade your plan!
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