Last week formed an inside week, suggesting that the market is in short-term balance, as it looks for further MGI before making its next move. I will continue using 4402 to gauge the strength/weakness in the short-term.
Well, im fully prepared for tomorrow morn now, thanks Smash. Btw, been trading better than ever for the 1st time in my 1.5yrs of trading life over the past few weeks, is it just a coincidence that happened to be when I signed up for the Smashelito ES/SPX newsletters?? Hmm, it may be, we'll just have to wait and see, lol!! Thx for all the effort you put into the newsletters Smash.
Wellllll, guess i spoke too soon lol!! Although it certainly has nothing to do with Smash or anything else other than myself, i did choke it up last week, pretty bad, and almost each day! Ughhhh! Prob lost about 400 last week, prob made only about 90 or 100...if that. So yea, ughhhh again. Oh well, at least the account is fine, still holding about 4k. But back in the "day"(like just few months ago when I was just bout 8 to 10 or so months in) I can def remember I wouldve practically blown the acct up! But, now I sort of cut losses a bit better than before, so now I dont have to wait couple weeks to load it back up just to lose it again. Im ok with a 4 or even 5 hundy a week loss now days. It's the 5 hundy loss after TWO+ weeks in a row(s) that will def kill me still!! Anyway, I guess im hoping I can come back next week better than this one. I think im going to try some stocks this week vs just the Q's and SPY only all week. Oh, and I did hear August is the worst month to trade, that I should always take the entire month of Aug off. So with that hoping maybe Sep will start a good trend for me. Sorry such a so long of a reply, guess I wanted to get it out or something, lol, Thanks so much Smash for all your help as well!! GL next week guys!
I'm utilizing the non back-adjusted chart for ES futures. The results I get on TradingView (ES1!) are similar, but not an exact match. If you use back-adjusted charts, you will get completely different numbers.
Well, im fully prepared for tomorrow morn now, thanks Smash. Btw, been trading better than ever for the 1st time in my 1.5yrs of trading life over the past few weeks, is it just a coincidence that happened to be when I signed up for the Smashelito ES/SPX newsletters?? Hmm, it may be, we'll just have to wait and see, lol!! Thx for all the effort you put into the newsletters Smash.
Wellllll, guess i spoke too soon lol!! Although it certainly has nothing to do with Smash or anything else other than myself, i did choke it up last week, pretty bad, and almost each day! Ughhhh! Prob lost about 400 last week, prob made only about 90 or 100...if that. So yea, ughhhh again. Oh well, at least the account is fine, still holding about 4k. But back in the "day"(like just few months ago when I was just bout 8 to 10 or so months in) I can def remember I wouldve practically blown the acct up! But, now I sort of cut losses a bit better than before, so now I dont have to wait couple weeks to load it back up just to lose it again. Im ok with a 4 or even 5 hundy a week loss now days. It's the 5 hundy loss after TWO+ weeks in a row(s) that will def kill me still!! Anyway, I guess im hoping I can come back next week better than this one. I think im going to try some stocks this week vs just the Q's and SPY only all week. Oh, and I did hear August is the worst month to trade, that I should always take the entire month of Aug off. So with that hoping maybe Sep will start a good trend for me. Sorry such a so long of a reply, guess I wanted to get it out or something, lol, Thanks so much Smash for all your help as well!! GL next week guys!
As usual, great analysis! Thank you.
Good Morning. Looks like we got an early start on that 4425.
I expect choppiness as well. Today good news for equities from China which should limit any real downside
Thank you once again. Great analysis!
anyone know which tradingview indicator shows same MA50 and MA20 as Smash chart? thanks :)
I'm utilizing the non back-adjusted chart for ES futures. The results I get on TradingView (ES1!) are similar, but not an exact match. If you use back-adjusted charts, you will get completely different numbers.