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Once again I see last night it tried coming down a few times only to go straight back up again.
However, my short from from 3059.3 closed for its 20 point overnight limits.
I still have the 3046.6 short and the DAX 11863.1 short, from yesterday.
I just do not understand how strong the market is despite everything negative that is going on across many fronts.
Plan your trade, trade your plan!
Oil – Russia talking of cuts in production despite a build in inventories. The reaction is UP
GBP/USD – No brexit talks, no trade agreements, yet the reaction is UP.
Indices – The inherent problems are still here. Social distancing costs the stores / leisure sector money and revenue is less. The reaction is UP
I would love to try and explain it, but simply cannot.
Plan your trade, trade your plan!
SO far today there is a difference, they are buying the dips the same as ever but they are also selling the rallies with 5 min spike candles.
We need to break support here at 3046 ES and then 3035 area ES. After that I feel that it may/can/possibly fall.
Plan your trade, trade your plan!
on the bright side now is possible to find a wave count that can explain the consolidation between 10400 and 11000 lol
DAX is 12000 now and with all knowledge of trading one would expect a retrace (multi day). Not in these markets, it has spent an hour trying to get through and will just slice through it.
Really crazy, seeing as no recovery has even started yet.
Plan your trade, trade your plan!
One think that is difficult to do but essential is not to look at the news when i day trade i never follow the news.
The market is rigged by those that control it. Recent examples covid 19 was around some time but the market did not drop until they allowed. Why did it start dropping at the end of February when covid was all over the news since January.
Even in Europe 1st case in Italy was January. The media claim that the market
is forward looking but that’s for the idiots that want to hear a story.
Is very important to know the time that announcements are due not because they matter but because this is where they will pull their con job.
I bet if the market starts drooping they will blame unemployment and riots lol but
this is already known.
Guys don’t blink, it is actually falling.
Gap fill today is 3054 which should fill.
I honestly feel the next fall will be 200 points, the problem is I thought that from circa 3000!
Plan your trade, trade your plan!
Bears have this week only.
I sincerely hope not. I cant imagine 200 points down in 4 days 🙂
Plan your trade, trade your plan!
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