Monk rules
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sooooo thin!! .43s are within a couple hits...and next one on L2
haaa! couldn't resist...
I LOVE 69!!!!!!!!! I need to think about that on my next bid lol
All anyone needs to do is look at accumulation/distribution line for the weekly and see that the price goes down and that goes up. That's shorting. You can't manipulate that chart with time frame, doesn't work.
I've verified this with more than a dozen traders. You can argue about a daily on this (a little bit), but weekly is silly. There is too much data that goes into it.
agreed...call them master shorty...
Nice spread on GRNO...L2 .33 and then .43..lol...and then .47...hmmm....thin???!! lol
All anyone needs to do is look at accumulation/distribution line for the weekly and see that the price goes down and that goes up. That's shorting. You can't manipulate that chart with time frame, doesn't work.
nope, no head fake...no indicators...
when
FAS???!!!!
You know it, good luck with everything...well, just follow the rules! Nice day so far. Hit TNA instead of FAS and that was juicy...FAZ was nice too...
It's is ok to mention in/out, percentages, dollar amounts...just not technical details. I've been to 3 and know the rules Helpful to share and better once private,,,
holding up...barely!
bits and pieces
See you all in ATL...get in saturday morning unfortunately due to other commitments. Close by in Dallas.
almost fas time...
Patience is important, like on FAS a minute ago...errr...
Advanced got a FAZ run, but that's about it. Slow day for everyone...we may have to wait till next week to get this moving again...
wow....10 cents...
It's going. Little up and down.
3pm, consumer credit comes out. This can easily move market a bunch depending on news. FAZ is a good choice here lol unless we get some really bullish news about spending.
I hear ya. It is back and forth. Faz will bump up a bit and back-and-forth...there also is a sell-on-the-news (and opposite, buy...). Makes no sense many times.
Nothing really, back and forth..all the information has been released. Need someone else to say something
Consumer credit at 3pm eastern. Market moving indicator.
yes, going back and forth...non-trade yet
fed report on market, named after cover of it which is beige
beige book at 2pm as well..be careful with anything before then...
I thought so..dropping now
yes
Trust me, we all have a lot to learn...every one of us!
Beige Book and consumer credit this afternoon
Agreed. People just don't follow the rules and call the trades. Whatever works, but you are doing your own system, not Monks.
I've been to two classes, including Advanced. MACD needs to be heading up for the 5min to be in tact and green over red...
You need MACD positive on 5min. That's Monk rule. Signal, Confirm and Continuity. When one breaks, you are out of the trade.
Actually no. When the MACD turns down out of trade. Turned down at 10:10ish and could have gotten back in and then out.
There really has been no entry on the 5min. If you are doing it, not using the rules.
Watching this, starting to fall back a bit, may be a pause...
ISM numbers coming out, be careful...
fas lol...great run...
nice on fas
next tues will be rocking...friday might be with employment numbers and ISM.