Why I faded Fridays close.. again

Discussion in 'Trading' started by KCalhoun, Oct 22, 2022.

  1. destriero

    destriero

    I post my PNL to Twitter. Up 7% over the last two days. You should not short a weekly high index close on a Friday. I went risk off Sunday night/Monday morning.
     
    #71     Oct 25, 2022
    KCalhoun and Sekiyo like this.

  2. I tried to tell you guys. I nailed it. Again. Yall should be a lot nicer to me, trying to give you all free alpha!

    And thank you for the like nitrene. :)
     
    #72     Oct 25, 2022
    Wide Tailz likes this.

  3. That is very cool destriero. What is your Twitter tag or whatever? I will definitely watch and hope to learn!
     
    #73     Oct 25, 2022
  4. Darc

    Darc

    Kenny's just saying "bear Market Rally". The Fed have stuck to their hawkish Guns and he believes they will continue to.

    I sorta believe it too.
     
    #74     Oct 25, 2022
  5. Well, what is the market telling you?


     
    #75     Oct 25, 2022
  6. Darc

    Darc

    If Fed goes 75 bps Nov 2 and remains hawkish, these gains will evaporate.
     
    #76     Oct 25, 2022
  7. So you're going to hold losing positions until then?

     
    #77     Oct 25, 2022
    Darc likes this.

  8. That's trading on macro fundamental data though and can take a lot longer to play out. The market had a weekly candle close above last relative lows, that's bullish probability short term. Although ES is near the resistance level of the weekly people we're posting and talking about, so still a chance short works out long term, but it's kind of unnecessarily risky. If we trade above Weekly resistance, than it starts to get real dangerous.
     
    #78     Oct 25, 2022
    Darc and formikatrading like this.
  9. Wide Tailz

    Wide Tailz

    I wish more people would post their trades, positions, forecasts and P/L. Can't speak for everyone but ET has been a wealth of knowledge for me. Even though I ultimately settled on my own TA / Fundamental combo method that was not out in the open, many other winning methods have been shown and proven on this very forum. Props to Ken and anyone else who contributes.
     
    #79     Oct 25, 2022
    KCalhoun likes this.
  10. destriero

    destriero

    Up 10% this week.
     
    #80     Oct 25, 2022
    KCalhoun likes this.