Yes, interesting. I typically don't look at Asian and European market conditions as I used to trade FOREX and it came down to meaning very little in my opinion. There were a lot of people who trade systems like that, but I didn't find an edge.
Good logic, but not sure on viability long term. Have you done a lot of thinking on the previous market conditions and gap fills, etc..?
FED has had a MASSIVE impact over the last 9 months! Who do you think has been buying all of these stocks?
This will make it harder to get back to profit if I make a few gifts. If I make all 5 gifts, then I will be at -2.5 points for the day. However, my focus will be on the bigger pivots and I will make at least 2.5 points per run or I will not exit.
I was unclear today. I was thinking short because of previous 4181 action, but the market has a bit of strength. Had I just taken trades off of DB/DT, 76, and 440 tick charts as Horst says, I would have been very profitable. For some reason I must do poorly today.
I also didn't wait for the pullbacks and I did two short trades that were breakouts...
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I don't know exactly what they have been 'buying', but I know they have been buying and it has been putting upward pressure.
When I did my 10 year investment plan, the one GAPING thing I missed was FED/GOV intervention. It totally screwed up my timeline and process and gosh, had I just kept my darn stocks from 2+ years ago, I would be up a Million right now.... I bought super low and was going to hold, then I got into this day trading and Henry said, "Only fools trade for long term"... haha... I sold sold sold... However, if the FED had not intervened, that would have been very good advice...
Something I haven't shared is using FatTails Session movement and volume indicators shows that all the volume and points have been gained at the 10EST - 10:30EST period.
Took 1 trade, and actually had one other good trade for the long that went for 8 points had I taken it. I would have only gotten 2 points and that is the value of a runner. I think trading 1 contract will be good for me because it will push me to extend my run on the first contracts. This is good practice to push my numbers some.
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At 8:25:38 AM Eastern Time Friday, 987 reversed down sharply. That was three bars before the employment news and price reversal! 610 reversed sharply 2 bars before news and price reversal. How did they know?