Nice gap up today, but not much of a go. I think the gap fills tomorrow, could even get real ugly.
Posted 31 October 2018 - 02:49 PM
I think this may really crash tomorrow, if this is a bear market, this was the reset to make it happen. The sentiment went bearish from yesterday but the last time that happened the market tanked. Don't necessarily fade sentiment if it's with the trend.
Edited by CLK, 31 October 2018 - 02:50 PM.
Posted 01 November 2018 - 05:27 AM
Probably a good day to do something else besides watch the market, sideways Globex usually means all day the same for cash.
Also, if sideways all day then the hourly MACD will be reset to resume the uptrend, so for any hopes of downside, the market needs to
resume the selling tomorrow before noon.
Posted 01 November 2018 - 05:56 AM
If you are going to trend trade, you can't hold overnight without hedging in a bear move, so instead of losing you just breakeven,
unless you get a big move which usually doesn't happen and VIX is so high it takes even more of a big move to make the
hedge worthwhile. So if you get a turn midday it's ok to take the trade just don't hold overnight.
I think really the sure money is only in 90% signal front-run trading, the rest, unless it's in a bull market is a waste of
time, money and unnecessary stress. I could have 4 bagged my account on one trade and been done for a month
instead of following the market and getting whipsawed, and you have to keep your position size low to protect from
catastrophic loss. Lots of small losses are nothing more than a recipe for breakeven at best.