The closing strength observed in yesterday's session was immediately retraced overnight. Will history repeat itself, or will buyers be able to sustain their momentum?
Smash did you take Jim daltons course? I know you’ve read the books, I know you’ve learned a lot from experience, there’s no way you’ve learned everything you know simply by experience and a few books. Just wondering if you’ve learned from daltons course.
I would advise against underestimating the extensive knowledge you can attain by merely observing the markets and engaging with books. As for Dalton's courses, since I haven't taken them, I can't offer a recommendation one way or the other. Nevertheless, I would recommend thinking twice before spending a significant amount of money to these courses, given the vast amount of information that can be accessed through books and the internet overall.
No shortage of action in ON. Currently 1 tick away from the first target 4536 with VIX at 15.55. Oil up, bond yields down, DXY down = equities up. Holding patter until the CPI and PPI prints. Will be interesting to see where it goes, as a "hot" print is expected.
I refer to this profile as a "Neutral Extreme Day," characterized by range extensions on both sides of the initial balance range, concluding with a close outside of the initial balance range. An upside continuation is to be expected, hence my focus on 4508; a break and hold below would invalidate this expectation.
Excellent
Thank you buddy. I have your plan next to me when I’m trading.
Smash did you take Jim daltons course? I know you’ve read the books, I know you’ve learned a lot from experience, there’s no way you’ve learned everything you know simply by experience and a few books. Just wondering if you’ve learned from daltons course.
I would advise against underestimating the extensive knowledge you can attain by merely observing the markets and engaging with books. As for Dalton's courses, since I haven't taken them, I can't offer a recommendation one way or the other. Nevertheless, I would recommend thinking twice before spending a significant amount of money to these courses, given the vast amount of information that can be accessed through books and the internet overall.
Profound
The last few days the smash level as well as the targets are already being met in the overnight
No shortage of action in ON. Currently 1 tick away from the first target 4536 with VIX at 15.55. Oil up, bond yields down, DXY down = equities up. Holding patter until the CPI and PPI prints. Will be interesting to see where it goes, as a "hot" print is expected.
Smash would you call today a D shaped profile? b shaped, perhaps?
I refer to this profile as a "Neutral Extreme Day," characterized by range extensions on both sides of the initial balance range, concluding with a close outside of the initial balance range. An upside continuation is to be expected, hence my focus on 4508; a break and hold below would invalidate this expectation.
Is it a "Neutral Day" if the close is back within the IB range?