Hope all you guys did well. This is the greatest game in the world. Its all about what you bring to bear, your own inherent strengths and weaknesses. Having a clear head for the next trade is crucial. And the only way you can do that is to stick to your risk management. Otherwise one trade can foul the next few trades. Take the loss or profit and just move on. Don't hesitate. There are soo many waves that can be surfed, don't worry about the one you missed or tumbled on. Key is to be around for the waves and have fun doing it.
Arm Chair comment: Looks like a gap fill day. Which was the nominal assumption from last night. Looked like an outstanding trading day though. Seem like the downtrend can now continue unabated except for a test of the low yesterday. Will it? Got no opinion here. But there will probably be a lot of action. So no new positions for me and back to the coding cave for me. Hope you all had some good trades today.
When I traded with two older gentleman in 1999-10, every time I bought top tick they sang. Always picking on the noob! “Top Tick! The most ineffectual! Top Tick! Who's not intellectual!* Close friends get to call him "T.T," Providing it's with indignity!
Hello! Long time lurker. Finally signed up for an account. Looking forward to joining the conversation!
Yen in high 146 handle (buying pressure). As long as above 146 the intermediate term retrace of the losses will continue.
During Asian Session need to keep an eye on the cross, cumulative delta kept ticking up. Look for factors to support the trade bias. As long as Yen above 146, means Carry Trade dynamics still in play. High likelihood that 5340's get taken out tommorrow.