This is when you realise that the market is the Fed ....
it's not the economy that much or geopolitical events that
drives it on major moves ... it's the Fed backing (or non backing)
that dictate the major direction ... probably even more now
more than ever since the financial crisis ...
everything else is noise in the short term ... there's
a reason why they say don't fight the fed ... it's like the casino
... the house always wins .... lol ... just ride along
...
The market is strong and healthy and trending up. If we're
lucky, tensions in the Middle East will lead to the market resting,
which will allow many charts to reset. If we're unlucky, the market
will brush off Friday's news and keep plowing forward
yep, again that doesn't mean you don't follow your triggers or
systems. If you are long SPX, on the 120 min time frame you stop is
easy, if you want a wider one you use the daily DVT. If you get
stopped out, then you look for another re-entry, don't over think
it or let emotions get in the way
and currently the DVT is close enough that if you want to be
long now, go long and place your stop there at the higher low DVT
on the 120 min chart
This is when you realise
Posted by mla127 on 6th of Jan 2020 at 10:04 am
This is when you realise that the market is the Fed .... it's not the economy that much or geopolitical events that drives it on major moves ... it's the Fed backing (or non backing) that dictate the major direction ... probably even more now more than ever since the financial crisis ... everything else is noise in the short term ... there's a reason why they say don't fight the fed ... it's like the casino ... the house always wins .... lol ... just ride along ...
remember what I wrote on
Posted by matt on 6th of Jan 2020 at 02:08 pm
remember what I wrote on the weekend:
The market is strong and healthy and trending up. If we're lucky, tensions in the Middle East will lead to the market resting, which will allow many charts to reset. If we're unlucky, the market will brush off Friday's news and keep plowing forward
Market was strong last year
Posted by mla127 on 6th of Jan 2020 at 02:16 pm
Market was strong last year too ... until the Fed didn't play nice .... then the market got clobbered ... now they do ... so up we go ....
yep, again that doesn't mean
Posted by matt on 6th of Jan 2020 at 02:19 pm
yep, again that doesn't mean you don't follow your triggers or systems. If you are long SPX, on the 120 min time frame you stop is easy, if you want a wider one you use the daily DVT. If you get stopped out, then you look for another re-entry, don't over think it or let emotions get in the way
and currently the DVT is close enough that if you want to be long now, go long and place your stop there at the higher low DVT on the 120 min chart
You nailed it!! The last
Posted by RP on 6th of Jan 2020 at 10:43 am
You nailed it!! The last meeting in the Oval office With Powell and Trumpster cast the course throughout 2020