The unfortunate thing is that those kids move the market as moves are much smaller during RTH and - on aggregate - there's hardly any move at all during the day. Interesting article here
This kind of arrogant postings I don’t like at all. Some Americans still think that there is no life outside the US. The last ETH there were over 450,000 contracts ES traded. I am sure you have even no money to trade a mere 0.01% of that volume. So you don’t need to be so arrogant. A great trader is humble, you clearly are not there yet. Read the last posting of @Hivey and maybe reflect about the difference between smart money and dumb money. You see I can be arrogant too.
Virtusa, I think it's a joke on @Buy1Sell2 's behalf who is the one that originally claimed that the ETH session is a low volume environment where a bunch of teenagers in their mothers basement are moving the market around. Obviousy, not true. As far as I know - ES usually follows the other global markets in the ETH session. Asia. Europe.
The data I'm seeing is for up on USA stock market Thursday, let's see how that pans out and gold flat or down.
Yes. The expected outcome today would be flat or up. And if flat today - then up tomorrow. A technical trader simply can't be influenced by fundamentals or his interpretation of the news. I'm a surprised too that we traded so far and so fast from the current bottom, but technically, this market is short term bullish and have been so for a while now. The 6th of April was the confirmation I needed.
Not personally, no. I have found it hard though, for the first time in the years since I dumped funnymentals I have found it hard to completely ignore them. If you look back at March '09 you will find many a portfolio manager talking about the 'real economy' and how everyone was still suffering, QE was not the answer, would result in hyper-inflation etc. etc. - the bull market just rallied on without them. Not saying the same will necessarily happen here, but I have learned the best way to trade (not necessarily invest I might add) is to analyse the actual market itself, not something else and then apply that to the market.