Bull markets have to been known to last over 15 years. See this link: https://www.ftportfolios.com/Common...tentGUID=4ecfa978-d0bb-4924-92c8-628ff9bfe12d
Look you bunch of grippy cynical ole codgers. The man said he was 100% wrong and that he got slapped across the face. Have any of you ever been 100% wrong? Do you have to plunge the knife (so to speak )in his back and twist it? One day the surf will catch you guys in a riptide and then where will you be? The thread will run silent. I don't trade the way he does, nor do i believe in trading the way he does, but if any of us gets too haughty or arrogant the market will slap the sh$t out of us and the surf will be laughing all the way to the bank.
Which bank? His piggy bank? You cannot bank anything with a sim account and even if he is trading for real you cant bank much trading Nadex micro lots.
I would get ready to look for some shorting opportunities and long opportunities in the Es from this time until the close. I would short on LH reversals. I would scalp them. I would exit on Pb's. I would enter again short if reversal continues. But, a trader must be cognizant that the normal procedure next is a trading range to emerge or evolve. That range (giving opportunities for long and short) will have reversals with many B.O. attempts then a good B.O. Will finally succeed. The Good B.O. Can be up or down out of the range. I will just have to judge by the PA within the range as to who is strongers bears or bulls. Also how long in time the range carries on. At this point the background clearly says bulls are stronger. But we all know that can flip rather quickly. Of course, if the evolved range is small and short in time and we get a strong B.O. To the upside then the range was simply a bull flag. I am inclined though to see a bigger range evolve and carry on for an hour or two then see another successful B.O. Of the the range that was formed. If so, then this will imply many opportunities for long and short. Are there buyers below. We know there are by the background but at some point these buyers are going to take their profits and cause the range to develop. Then sellers will push price down..then buyers will come back and push it back up...probing..probing...ad nauseum...buy at bottom of range. The techique is for me to sell at the top and buy at the bottom. All the while also looking for reversals....etc.. I ain't giving advice. I am just saying what I would look at doing rest of the day. If price rockets back up thru a small range then the plan gets tossed in the mental garbage can and i look at getting on btoard for the ride. The Donald Rally. I ALWAYS try to anticipate the market. I can't make money just chasing it around. I look at what it has done and project out about what it will probally do..then take a chance and get on board. Markets have inertia and like to continue doing what they have been doing but at some point the inertia slows down and grinds to a halt. Then reversals take place in and or out of ranges.
Yes and he was also once skinny and had hair. You got my drift? In trading you are only as good as your last trade. Also in the late 90s everyone was a genius...