Keep in mind there is a huge winter storm in the Midwest. Expect very light participation in the futures pits. I.e. volume could be as bad as Xmas holiday week.
To clear out the people who went short today at the top. It’s a common thing that I’ve seen… a quick pop up, and then sell off the rest of the day.
Besides that, we formed a Bull Flag today, which means a pop higher is likely. Look at this chart and you’ll see on January 28th they popped it for one quick candle to 1302.67, and then sold off the rest of the day. This happens a lot…
Meanwhile some kid that I taught how to forex trade took a 50k account and turned it into close to 700k in less than two months. Doing, basically the opposite of what I have been doing. YIKES. I feel poor AND old.
He offered to send me some money today, as he is taking 7 of his buddies down to South Carolina for a big celebration. Might take him up on it. LOL.
Keep in mind there is a huge winter storm in the Midwest. Expect very light participation in the futures pits. I.e. volume could be as bad as Xmas holiday week.
Please tell me you aren’t using Feb. puts, okay?
Thanks… I got short too early (129.80), but will wait it out.
added shorts @ 4pm cash close and long crude gold at 1336
good luck to the dreegon!!! lol
It usually is on up days… no one is buying except the Fed’s.
Now that’s funny! I’m going to start doing the opposite of what I see in the charts too… maybe I’ll actually make a profit once?
Volume seemed low today
To clear out the people who went short today at the top. It’s a common thing that I’ve seen… a quick pop up, and then sell off the rest of the day.
Besides that, we formed a Bull Flag today, which means a pop higher is likely. Look at this chart and you’ll see on January 28th they popped it for one quick candle to 1302.67, and then sold off the rest of the day. This happens a lot…
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs205330887%5D&disp=P
Meanwhile some kid that I taught how to forex trade took a 50k account and turned it into close to 700k in less than two months. Doing, basically the opposite of what I have been doing. YIKES. I feel poor AND old.
He offered to send me some money today, as he is taking 7 of his buddies down to South Carolina for a big celebration. Might take him up on it. LOL.
Reasoning?