You Name It... The Models Time It..

Yeah that's how I interpreted it as well. LOL. Let's try this nodoji, give us your assessment right here at 1788 on the spoos. Give us your "daytrade" and swing prediction. Go ahead and time stamp it here for the record.

 

QQQ @ 86.42. +0.23 or 26, depending how you calculate. Drawdown 0.03. RR: +8.ish

 

I'm sure you did.

Again, because you seem so certain that I called a trade:

TJ asked why people were buying at that time and I gave TJ a technical explanation.

I wasn't arguing with his personal short position, nor was I trading the QQQ's or the NQ's. The dozen or so people on ET who know my trading method would know that had I bought the breakout at 3pm yesterday, I'd have scratched the trade on the failure to break out of the range.

 

I don't want to belabor it. You referred to the trade in the 3rd person, so you is we, fine. I don't follow your posts on threads in which I don't participate, and I am sure the same goes for you.

The problem is that your "daytrade" logic continued into the AH-session when the budget news hit. Sorry, that's BS. That's an attempt to straddle, and that shit doesn't fly.

 

I happened to look at NQ when I posted and was pointing out to TJ that a position taken at 3pm was profitable later in the evening, because TJ's post made it sound like it was dropping, which at that time it wasn't.

 

Here's my day trading logic:

And here's my explanation to the ever-confused TJ of why people were buying:

No trades called live or hypothetical

 

I had reversed my long from 3317.25 to 3495.25 and shorted 3496.25 12/2. Still short.

 

Nod: I liked your explanation, and I also understood with the evening news why price was doing what it was doing. One of the things I like about you is that you are generally objective and fair minded like me. There are some points here and there where you could be a bit more objective, but I do not think you do it on purpose. So I like your posts.

I find value in differing opinions and perspectives, as long as they are genuine. Markets in principle contain many opinions/views, and one might enrich one's views from learning about the views of others.

 

I already posted in ES journal this morning that if the 20day EMA broke (it was around 1792 at the time), the range low of 1777-ish was in play. At this point right now, as an intraday scalper, I'd be short with a stop at 1790. If swinging for the range low, I'd be short from earlier, wouldn't be initiating a swing position right here.