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Gold has completed the 50% retrace (up) from that monthly imbalance (blue). Touched the weekly imb (yellow) and retreated a bit. No idea what happens next.
Futures trading journal - GB
- Thread starter Gringotts Bank
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Missed the peak by half a point. Today's high was 3791.5. That's nearly the perfect trade.
The sentiment is now very bad. We may not see any green for the rest of the week.
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No conviction in any of the swings in either direction. ES basically freewheeling.
EDIT: spoke too soon! Buy signal. Target 3984
EDIT: spoke too soon! Buy signal. Target 3984
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Very risky to be holding right now. Any thoughts for the next few hours? I'm going to reduce my 3984 target slightly. Now my target is 3973.5.
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Missed it by 1 point. 3972.5 was the high.
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In the last hour, some of the strongest selling I've seen in ages.
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Long at 3881.75, l but with a very tight stop. Target 3919.5. Will hold longer if there's some good buying on the way up.
Modest
It's in the chart
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Ballsy 
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I'd have to say I'm not feeling it. Finger on the sell button.Ballsy
11:31.... here we go.
11:34... sold into that pop. Just didn't feel right.
Modest
It's in the chart
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3846 is next up I rekon
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I'm close by at 3842.25.
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Long at 3894.
Just edited that, farm.
Just edited that, farm.
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GG what's real any more Can we be sure that the sun will rise and set tomorrow?
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World markets could easily shed 30-40% this year and next.
The Fed's one little control button -- interest rate manipulation -- no longer works.
You need some good news to hold markets up, and there's none left.
Political leaders have been shown to be completely lacking in wisdom and integrity.
Large corporations are corrupt AF.
Inflation, WW3 threat, nuclear winter threat, AI threat,... all that. The list is very long.
The Fed's one little control button -- interest rate manipulation -- no longer works.
You need some good news to hold markets up, and there's none left.
Political leaders have been shown to be completely lacking in wisdom and integrity.
Large corporations are corrupt AF.
Inflation, WW3 threat, nuclear winter threat, AI threat,... all that. The list is very long.
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Bullish once everyone thinks like this
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There's an old saying: "if you think you can or think you can't, you're right". But what we think consciously makes no difference in trading - it's what we believe. Beliefs are deeper in the mind (preconscious). Since beliefs create feelings (such as confidence), we get an idea of the nature of the underlying belief. Practically, it means that if you feel confident, you'll win every time because you have a positive belief. This applies no matter how good our system is. Everyone is familiar with this idea. My experience says it's 100% true.
It's easy to pretend we're confident when the belief is actually the opposite. The way to tell the difference between real and fake confidence is through feeling, as described already. What we feel is what will happen to our trade, not to the market. By feeling confident, I don't make the market go up, I make my trade a winner (regardless of what the market is doing).
It's easy to pretend we're confident when the belief is actually the opposite. The way to tell the difference between real and fake confidence is through feeling, as described already. What we feel is what will happen to our trade, not to the market. By feeling confident, I don't make the market go up, I make my trade a winner (regardless of what the market is doing).
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The only way to get rid of negative beliefs that I know of is by meditation. Hours spent watching the breath with very high focus. Wthout such rigour, your'e just fluffing around on the surface. Fluff is what most self help books seem to promote (positive affirmations and sh.t like that). Waste of time imo.
Since hours spent watching the breath isn't much fun, I'm always on the lookout for a short cut. I may have found one - not sure yet, but early signs are good....
Since hours spent watching the breath isn't much fun, I'm always on the lookout for a short cut. I may have found one - not sure yet, but early signs are good....
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Long. Target 4004.5.
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This level changes over time. It's now 4004.5 - also my target. Above that means bulls are back, and sentiment says we're not ready.
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It crossed, looking for a long set up.
Long ES, back up to 4004.5
Long ES, back up to 4004.5
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