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easy day trading day so far


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#1 traderx

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Posted 14 July 2020 - 09:13 AM

might be a trend day



#2 kaiser soze

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Posted 14 July 2020 - 09:23 AM

I made healthy coin today but its definitely not been easy for leveraged speculators.  At the beginning of the trading session, QQQ shoots up from 256 to 259.5 and then collapses back to 253. 10 min later, ES shoots down 3120 then shoots up to 3137 within minutes and then comes back down again.

 

Tricky, tricky, tricky.



#3 LMF

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Posted 14 July 2020 - 09:46 AM

All appears to be well with the Qs.......the top of the big log scaled channel from 2010 is in play. Parabolics go out the top they say. And this morning looked like a good retest at the breakout point. That was probably as close as the bears will ever get. MM guys are loaded with inventory again.

#4 pdx5

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Posted 14 July 2020 - 02:57 PM

So what is the "good" news today for 600 point rally in DJI?

Is it the zero deaths in NY with  covid-19?

 

Or is it simply short covering?


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 traderx

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Posted 14 July 2020 - 03:03 PM

one news item -said getting control of virus in Calif.



#6 pdx5

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Posted 14 July 2020 - 03:19 PM

one news item -said getting control of virus in Calif.

If NY is any example, it is logical to conclude that when the virus is allowed to move freely through the population, some people with comorbidities will die, others will be infected seriously but recover, and most will be Asymptomatic. Looks like NY has achieved herd immunity or is close.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule