Got it. Clear as mud. In other news... For Price Action players, watch for tested setups with triggers in your timeframe of interest. If you don't have any ...
Looks like you got it so far. BOJ must have come out hawkish for this dump? If the Jobs report is hot tomorrow, I expect a cascading effect down into the inflation prints next week, considering how the banks performed today on nothing at all. Something about this lingering "credit risk"?
Threw in the towel, waiting this one out. I always seem to put on size before taking a loss. The only solution now is to always trade big!
I'm reasonably confident in what's happening, seen it numerous times. Drive down or up price after hours in the opposite direction of where it's going when market opens in order to gain as much leverage as possible. 1-2 hours prior to market open, price will begin to reverse hard. The ATH futures traders are currently deliberately capitilizing on the current fear and will run it down until about 6am. That's my call for next 12 hours. In conclusion, Fri 10th RTH will be a strongish up day.
I don't get what you mean by that, "As much leverage as possible"... What I saw today was a sell-off because whisper numbers are saying the jobs number will be hot, so funds were selling off to capture gains...Getting ahead of the sell-off to come, as it were. If you mean in the context of capturing some dry powder to sling-shot on a soft jobs number, then yeah, I'm all for it!