Today's weekly close re-initiated the weekly uptrend. I closed my short position and will look at getting long Sun/ Mon. Net gain on the short was 80.00 pts.
It is obvious you are swinging your trades now. But why would you take a long-term position Sun/Mon knowing that CPI data is coming up next week on Tuesday, then the Powell piehole stuff? I am nervous as hell about it, because this is a unique situation.
I don't know what your technical indicators are that you trade with, but what would you say about https://www.elitetrader.com/et/threads/es-journal-2021-2022.353736/page-730#post-5673626? What would you say about the upper trendline based on that technical break? Blast through, or bounce down?
It isnt encouraging him. Its encouraging ignoring news because its a bullshit waste of time. But theres no point telling you that since you're clearly obsessed with it.
Uh huh, yeah. Let's watch your technical survive the next 3 months of the fiscal year, where you think that news has zero effect on your technicals. FA drives TA. It is not the other way around.
You couldnt be more wrong. Makes no difference to me. You stick with the fake fodder nonsense - ill stick with what prints money - reading charts. Maybe one day you'll figure that out but i have a feeling you could be smashed in the face with it and still wouldn't have a clue.