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dreams of clean bullish trend for CC got broken. Out flat.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Short TF 1062, 1064 and now after 1 hour of SONG and DANCE , things looking up as TF hits 1053. Since internals are mixed at best, happy with 5- 7 points
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Bob Pasini of CNBC has been covering markets for 15+ years. He had all kinds of reasons as market ES, TF, NQ etc were at ORH. Now into close all he could muster for this sell off off ORH that " it's impoosible to model EBOLA effect" (lol).
There have been all kinds of clowns at CNBC today. Sometimes in between clowns CNBC have some serious analysis but not today.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
TF was all looking bullish at 1064- even i got spooked and had to cut down size. Analysis like today is holiday and there will not be much action- was thrown out of the window.
Long term investors " this is your buying opportunity". Same guy at CNBC said the same thing last Thursday, Friday. As market bounced this morning he was pounding the table to buy, buy. I wonder if he is still holding his longs? He closed his remarks by saying it felt like this morning lows was a flush down but now he is saying it was not a flush down. He wants one more flush down.
All i can say, we will be waiting whenever FLUSH DOWN comes.
NOTE: I am not sure why i keep trading TF when since last Thursday NQ has been the instruement to trade. TF already been beaten down quite a bit.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Shorting bounce within macro bearsih trend. Will hold overnight.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
If we look at composition of NQ vs TF- there are significant differences in terms of the companies represented in each index.
TF - small caps stocks have been leading the way to the down side for weeks now. They are at major support and thus intra day opportunities are less. TF has been less Volatile vs NQ.
NQ- finally joind the party to the downside last week after one of this index sub sect ( chip stocks to be more specific) got hammered big time. These stocks were down 5, 7 and 10% on friday.
In summary i should have been trading NQ since last thursday. I am taking the same risk, same hold time but twice the returns with NQ vs TF. NQ has more air which needs to come out of it vs TF.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
ES down 149 points over 17 trading days, nothing to worry about. I agree. But i do not like to pick bottoms.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
If ONLY financials were aligned properly at highs. It could have been a monster day but they were not. One has to follow the RULES. Financials are not major part of TF, NQ etc. I use it as an intra day sentiment indicator. Big cap financials stocks is where big money has been hiding. When they start selling these mega financials- game is ON.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
I want biggest, green candle/ candles to short right in her face. ONLY within macro bearish trend. Not everything is what it seems. On short term time frame it's easier to manipulate price behavior.
My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.