SPY did not even break even break 100m shares today. Last time that happened was new years 12-31-2010. Higher highs on lower and lower volume. Seems know one is selling because of the POMO operation. All this may do is cause a flash crash once POMO stops. And it stops right near the time of the flash crash last year very interesting.
It just amazes me to see people who act like they know so much about the markets do the opposite of what you should do. In a rising market buy dips, in a falling market sell rallies.
You took the words right out of my mouth. Here are a few gurus from ES Journal that speak like the Messiah but trade like (well moderators dont allow me to say): Startraitor Atticus No Heat Schizo It's fascinating when it can be so easy. Find a strong trend and trade its retracements, you can complicate it all you want with money management, position management, options, and whatever comes to mind but in the end that is the basis of profitable trading. On the other hand look what the gurus have been doing, it's hilarious! Nexen
Guru? Only compared to some. You talk out of your ass. My hit rate on trades I've posted to this site exceeds 75% at 1:1. If you think I am FOS on my hit-rate then post proof to the contrary. Where are your fills? I'll be happy to post a weekly PNL graph of risk-adjusted (peak to trough) and %return (using IB's summary) on a journal if you would like to do the same.
Hey check this out, here is my medium term prediction for the next 2-3 weeks. I think the daily chart looks like the afternoon part of the gekko pattern, so I drew my expectation: There is still a 10-15 pts upside left when we top and play a little reversal to the SMA game, eventually going under it. Then we should settle between the BBs and sideways for a week or so... P.S.: I know, it is a beautiful drawing, I love MS Paint.... P.S.S.: Showing the same pattern on a 5 mins chart on Feb 3rd:
Not looking quite so funny now, is it? surely the market can squirt on 30 points in 3 days with the help of the FED? Certainly not unrealistic. (Not saying that im agreeing with the call, but I must laugh at the arrogance of the bears in this thread who have been consistenly wrong for the best part of a YEAR!!) hehe
LOL 75% my a$$ You have had hit 25% in your last 4 posted ES trades. Are you trying to be the next coolweb ? One which you never posted a stop from around 1270 so do we assume you still hold it and are 50 points underwater ? The sole winner was around 6.25 points The other loser was - 6.75 And the current short is taking 7 points of heat. Do you have a stop on it or is it just like your 1270 short ? Of course none of these really matter because you are hedged via synthetic vanilla chocolate exotic spread collar butterflys.
Rickshaw states here and on other threads that it's "easy money" and believes a 5 lot ES will move the overnight market. The 1350 touch that expires this Friday at 4PM is trading for 30/100. I'll be happy to sell it you at 28/100. We touch 1350 SPX and you earn 72 on your risk of 28. Name your multiple. I will take any/all action that's reasonable. The problem with the majority of bulls and bears on this site is that they refuse to post a position. The offer stands to any of my detractors; prop bet encouraged: I'll be happy to post a weekly PNL graph of risk-adjusted (peak to trough) and %return (using IB's summary) on a journal if you would like to do the same.