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on the book, I just wasted 6 handles of easy gain if I were to stick to the trend, since I reverse to short at 2266 /es my unrealize lost of -6 but 12 point in potential of possibility. I am not efficient today. end of day will give me final score what I am saying here is counter trend can really mess you up in a good run day like today. oy.....
Time to take a walk....hand off from the key board.
My comments are for entertainment/educational purpose only. NOT a trade advice.
ES ADR High (Average Daily Range) stopping things once again 72.75. At some point hedge funds are going to run out of credit to buy this. I also wonder if there are some year end closing price levels tied to CEO bonus checks that would incentivize them to spend other peoples money and buy back at all time highs. It seems that has been common recently. Of course the main point is to not run out of money before the market returns to sanity.
fehro wrote:
sorry.. lazy.. trying to shorten things… y - "yesterdays",
n -"new", so nHOD, yHOD,
HOD - "high of day"
HOW- "week" ,
HOY- "year" vs LOD " low of day" etc for newbies.
ATH – All Time High
nATH - new All Time High
EOD – End of Day
oHOD – Overnight High of Day
oLOD – Overnight Low of Day
H&S – Head and Shoulder Pattern
LS – Left Shoulder
RS – Right Shoulder
Thanks Fehro. It's fun to see we both use the same abbreviations e.g HOW
Educational only and not trading advice (EO&NTA) Good trading to all
Yes I am looking forward to a big rally tomorrow and especially the explanations from the media. I think the FOMC committing Seppuku (and destroying China at the same time) is always a reason to go long
1st test of ema20 in 3 hours should be some buyers here.
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Trades with cats wrote:ES ADR High (Average Daily Range) stopping things once again 72.75. At some point hedge funds are going to run out of credit to buy this. I also wonder if there are some year end closing price levels tied to CEO bonus checks that would incentivize them to spend other peoples money and buy back at all time highs. It seems that has been common recently. Of course the main point is to not run out of money before the market returns to sanity.
with zero rates and zero cost of failing (for the banks)
sing to the tune of your favorite gay ditty (old version of gay meaning light-hearted)
The bankers song:
It's a new high, high,
So let's BUY,BUY, BUY.
for the time is NIGH
to reach for the Sky!
[chorus]
Bonus, Bonus
Yah Yah yah
Bonus, Bonus
Yah Yah yah
Bonus, Bonus
Yah Yah yah
We' are all going to be Rich
-ER
Educational only and not trading advice (EO&NTA) Good trading to all