His edge is in understanding that there's a large amount of capital that wants to be in the market and he has the mindset and account size to be able to hold through some draw down. If you read all his post(not that you didn't) he essentially even said that himself. He had one losing day buying the dip, but won for like weeks. So got rewarded for his long term read and context understanding which is well deserved, under these circumstances. I basically did the same thing today just on a much smaller account. Some of my entries we're based upon what I consider an A+ setup, but other times I did take a lower quality setup like C+/B near a low, since the probability was high capital would be showing up to support the market.and that we were likely to take out the HOD again, given structure and etc. I saw quite a few what I would consider break out trades, even though I don't use that term or technically trade break outs. You may want to try Range charts of different sizes, often it can be easier to identify a break out there, at least for me and in my experience.
Is this thread just dead or this is just so obvious to everyone they don't comment? This is like almost a joke to make money on and I am on 2k accounts. You guys must be banking tens of thousands a day lol
In all seriousness this is a good lesson on micro PA, people think this is "BS" or "chop" pull up a smaller chart and look at those micro liquidity grabs, stopping out longs getting new sellers in than immediately pulling back, any intra-day or oversized shorts cover, new longs come in but we don't really go high enough to pay them, than back down again. Not suggesting this particularly action be traded, just saying in general this is the same stuff that happens everyday and can provide high reward, low risk setups.
Markets display three phases: moving, fighting or waiting. At the moment it is in waiting, then after the Fed meeting, there would be either moving or fighting. When market is in waiting it is better just to sit tight and watching.
Have no issues with that all I was doing was pointing out this same pattern that has continued to play out multiple times even after I mentioned it.
Do you mind taking like 30 seconds to few minutes to explain what's going on? You didn't even reply to NoahA unless you thought my reply was sufficient so you didn't need too? There's no systematic way at all in your entries and exits and you held through FED. I traded fed too on one of my funded accounts, i just genuinely don't understand what you're trying to accomplish. Are we suppose to be learning something? or you're just bored. I don't mean to sound rude truly, I just don't understand what is going on in this forum anymore.
It is 4755 this afternoon, more than 50 pts gain today. Another day of 50pts would push it over 4800 as B1S2 predicted on Nov 9, and there are two more weeks to go.