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Cha Cha CHAAA!Unique wrote:Remember guys,
After Fed announcement, first is impulsive, 2nd is fakeout/shakeout, third is real, get in.
Thanks, TraderGirl! Where is smart money on $SPX and $NDX please?TraderGirl wrote:Futures traders looks for a large discrepancy between Commercials (smart money) and large speculators (dumb money)
Check out Mexican Peso and Palladium....extreme bullishness and bearishness....smart money is short on both...
TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???
Thanks for your candor, Cobra! Based on 20 years experience, OE is unpredictable at best, and when we get to Thursday/Friday it becomes impossible to trade rationally, due to Big Guys squaring their positions and trade ahead for the next OE.Cobra wrote:I have no idea what the market is doing.