Tbug.......some holders still did not bail and they are fading this move.........keep hanging on to your lawn chair you just might get the start of a good ride today. The news reaction this a.m. will have a good potential to cause a blowoff which then gives bulls a perfect place to exit final inventories (selling to cover into the move). You want buyers to feel that prices are too high for creating the potential of an intermediate top to be in place (for a multi-day/week pullback).......todays news release reaction sets up some good potential here.
This thread has nothing to do with teaching you how to trade. I doubt I can teach you how to trade even if you are siting next to me. You are looking in the wrong direction. I hope you never use real money on this. :eek: :eek: :eek:
Trade entries need to be made on the same CONSISTANT criteria (news or no news)....I entered my trades today within the EXACT same criteria I always do. I can SEE the order flow realtime......I enter trades when I meet my criteria in order flow shifts (aggressive without a delta divergence and conservative set-ups when I have the divergence).
Yeah..and you got out b/e at 948 on the employment news release WITHOUT ANY SLIPPAGE.... check time and sales to see how many contracts traded at 948 :eek:
PLEASE......................................... As far as I know, you can't trade for a shit!! I have not seen you post one trade in this thread. How can I take you seriously?? Everything you write is just the most basic stuff which you find in EVERY tradingboook
With the news/price reaction, I have been able to enter two full levels of entries with somewhat bigger position size than I was holding from 947.50/948.50 (had already scaled some of these entries out before on the 922.50 run), and now shift my positions to the 956.50/956.75 levels. Targets now filled at 946.50 Next targets at 941.50...........931.50............921.50 set for now.
Yes I can't trade like this. I wish I can sell at 956 in news and gap up day and have 15 point move in my direction in 1 hour 15 min. I am very shitty trader if you compare me to that. Good luck all. This is working marvelously. Keep doing it.