Ni Hau Traders!
Hope your trading is going well. Awesome break of resistance into an initial uptrend as we forecast. I love it when a plan comes together! Review of a few different charts in this video including the ES, Bonds and Gold along with some multiple time frame setups. It was rollover week so had a little less interest on some of the days later in the week and decided to step aside on Friday, as apparently many did. Wednesday and Thursday had some interesting setups that showcase the EEdge indicators all too well. As the title of this post suggests I discuss selling low and buying high, or vice versa depending on who is trading where. Both are happening, buying and selling at the high and buying and selling at the low and I had a couple of rants about this very subject. I guess the moral of the story is to keep your emotions in check while trading, and if you can’t don’t call me, I’ll call you… Didn't your mother ever tell you "If you don't have anything nice to say, don't say anything at all"? Always listen to your mother.
An updated look at the equities and bonds/gold seems to still support continued, maybe even explosive strength. Anything can happen however, the ES consolidation at resistance, new resistance for treasuries and an apparent lack of interest in safe haven gold seem to be lining up for a move. The professionals continue to be showing up on the down pulses so continue to trade what you see, not what you think... No video today, just my two cents on the continued consolidation...
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"Trader Joe" trades the Emini S&P exclusively and is the main influence behind EminEdge.com.
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