Been a while since I posted here, shared some views this morning with someone who felt confused by
all the bullshit going on in the news and not being able to make heads or tails of EJ.
Thought I'd share it here as well for any that could use it:
trader:
me:
A bit later...
trader:
me:
all the bullshit going on in the news and not being able to make heads or tails of EJ.
Thought I'd share it here as well for any that could use it:
trader:
I cannot trade it because I don't understand it... everything about this market is irrational at the moment
me:
Contrary to the "news driven" environment everyone expected this has been highly technical and I traded it as such.
Maybe this will help:
A bit later...
trader:
Good analysis and surprised to see the picture put so clearly. My method didn't show me that.
My vision is clouded by the fact that we have a bail-out whereby banks are being financed with what was once their customers' money - and this causes a relief rally?
I don't really concern myself with news or trying to predict distant price levels and projections beyond what's right in front of me.
Here is the rest of the day as I traded it, focusing simply on the repeatable triggers I see everyday - I just chop wood daily ;p.
I've marked out all the points of interest, perhaps this will help you find some clarity in some small way.
