Sounds like the market will either be up or down today. I bet
one of those is right
This is the part that I always crack up at, nobody knows until
it happens. All these guys on tv saying this, saying that, looking
right one day, and/ or wrong another. Sometimes both on the same
day. Totally worthless.
The only thing that matters is someone's personal plan in order
that they don't get whipped by the noise. Staying focused on my
plan.
no man - it's not like we are saying the market will either go
up or down like we are not saying anything.
The market is at an inflection point! Either this wave C
is completing here and the market rallies hard. Or it begins a new
hard leg trending move down - beginning a trending move, not some
consolidation wave again -
infection points are places where traders can place bigger bets
with risk set
we are waying it's AT AN INFLECTION POINT - that's useful, not
some useless info that the market will go up or down come on
the move should be a STRONG MOVE - not some consolidation move.
these are areas where you look to place a trade with a tigher
stop
This is the information that needs to be clear for me and is
actionable aka "the takeaway":
the move should be a STRONG MOVE - not some consolidation move.
"
these are areas where you look to place a trade with a
tighter stop"
Some may miss the point for planning purposes if it isn't stated
like this. I know I did when I was newer to trading. I can still
miss it if I'm not focused on where the market is and how my plan
responds to that. Lots of distractions out here.
I think that's quite evident if you examine the recent range
which we have pointed out for the last several days. I was
one of the very few that presented a bullish option after
yesterday's close. Trade YOUR PLAN and don't worry about
prognostications.
The VIX also supported a bounce with 5 waves down (from
resistance pointed out in advance) followed by an abc bounce
yesterday which supported a bounce. With that being said,
price is still within the recent range.
Exactly, I ignore all of it other than my personal plan. I'm
betting this conversation helped someone or more than one person
today and that is a good thing.
yes follow your plan, but also instead of worrying about BS -
one could have bet set to play futures or UPRO after the report -
that's what I did. With the 2 scenarios I favored the up move, but
I didn't have any position overnight -after the report I entered
both ES and UPRO at good prices
you guys should have your own personal plans - what you pay us
for is ideas and things you can possibly incorporate into your plan
as well as trade ideas, market analysis, system trades etc - going
into today was an obvious big inflection area and those present the
best trading opportunities - not the consolidation days like we've
had
We made it very clear - Wed and especially yesterday when we
shows the counts and patterns and said that this is an inflection
point where the market either dumps hard or reverses hard and is a
bear trap - which leaned more to.
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ES futures
Posted by matt on 6th of Jan 2023 at 08:02 am
down a few points after being up 20 overnight
we'll see if today ends up being a bear trap, or if the bear flag plays out
Sounds like the market will
Posted by fundamentalvalues on 6th of Jan 2023 at 08:28 am
Sounds like the market will either be up or down today. I bet one of those is right
This is the part that I always crack up at, nobody knows until it happens. All these guys on tv saying this, saying that, looking right one day, and/ or wrong another. Sometimes both on the same day. Totally worthless.
The only thing that matters is someone's personal plan in order that they don't get whipped by the noise. Staying focused on my plan.
perfect explanation— it was a
Posted by watcdy on 6th of Jan 2023 at 08:50 am
perfect explanation— it was a definite maybe. Now we have the answer
I went long the futures and carried a small ETF as a hedge short covered the short everything worked out a rarity hooray
Thanks, glad to hear it
Posted by fundamentalvalues on 6th of Jan 2023 at 08:58 am
Thanks, glad to hear it worked out!
no man - it's not
Posted by matt on 6th of Jan 2023 at 08:30 am
no man - it's not like we are saying the market will either go up or down like we are not saying anything.
The market is at an inflection point! Either this wave C is completing here and the market rallies hard. Or it begins a new hard leg trending move down - beginning a trending move, not some consolidation wave again - infection points are places where traders can place bigger bets with risk set
we are waying it's AT AN INFLECTION POINT - that's useful, not some useless info that the market will go up or down come on
the move should be a STRONG MOVE - not some consolidation move. these are areas where you look to place a trade with a tigher stop
This is the information that
Posted by fundamentalvalues on 6th of Jan 2023 at 08:38 am
This is the information that needs to be clear for me and is actionable aka "the takeaway":
the move should be a STRONG MOVE - not some consolidation move. " these are areas where you look to place a trade with a tighter stop"
Some may miss the point for planning purposes if it isn't stated like this. I know I did when I was newer to trading. I can still miss it if I'm not focused on where the market is and how my plan responds to that. Lots of distractions out here.
Thank you for sharing .
Posted by tgo5043 on 6th of Jan 2023 at 08:46 am
Thank you for sharing .
I think that's quite evident
Posted by steve on 6th of Jan 2023 at 08:43 am
I think that's quite evident if you examine the recent range which we have pointed out for the last several days. I was one of the very few that presented a bullish option after yesterday's close. Trade YOUR PLAN and don't worry about prognostications.
The VIX also supported a bounce with 5 waves down (from resistance pointed out in advance) followed by an abc bounce yesterday which supported a bounce. With that being said, price is still within the recent range.
Exactly, I ignore all of
Posted by fundamentalvalues on 6th of Jan 2023 at 08:46 am
Exactly, I ignore all of it other than my personal plan. I'm betting this conversation helped someone or more than one person today and that is a good thing.
yes follow your plan, but
Posted by matt on 6th of Jan 2023 at 09:00 am
yes follow your plan, but also instead of worrying about BS - one could have bet set to play futures or UPRO after the report - that's what I did. With the 2 scenarios I favored the up move, but I didn't have any position overnight -after the report I entered both ES and UPRO at good prices
you guys should have your own personal plans - what you pay us for is ideas and things you can possibly incorporate into your plan as well as trade ideas, market analysis, system trades etc - going into today was an obvious big inflection area and those present the best trading opportunities - not the consolidation days like we've had
okay move on - let's see what goes on today
Glad to hear it worked
Posted by fundamentalvalues on 6th of Jan 2023 at 09:06 am
Glad to hear it worked out! I played it too.
We made it very clear
Posted by matt on 6th of Jan 2023 at 08:45 am
We made it very clear - Wed and especially yesterday when we shows the counts and patterns and said that this is an inflection point where the market either dumps hard or reverses hard and is a bear trap - which leaned more to.