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jxyzobrien

05/16/24 9:26 PM

#34199 RE: keepsinvesting #34198

market is short in the hole
since late day sellers pushed the market too far from value
odds are about 70pct its a liquidation break

however if the bounce fails in the previous days range
then the bears have some juice
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jxyzobrien

05/16/24 11:01 PM

#34200 RE: keepsinvesting #34198

brent steenbarger on topstep
the main reason traders struggle is that the market changes and
they do not realize it till many bad trades happen.

as i stated systems work then the market changes
and the system then fails.

so fed juice and solar storms had worked for quite awhile
then the market does not care about these events

I really like tim ord and mark newton
they seem to use what is working.
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jxyzobrien

05/17/24 9:31 AM

#34202 RE: keepsinvesting #34198

low energy day
2 scenarios
go to bottom spx thur or yesterday

turn the machine back on
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jxyzobrien

05/17/24 10:45 AM

#34207 RE: keepsinvesting #34198

what happens on the left
often happens on the right
also H2 hard wave 2
trade the edges