A few random comments.
1. Why is there surprise at just how powerful flogging a good move for all it's worth can be?
Unsure of the US and UK markets, but we're at a level now where we've been several times before in the last couple of months. Dunno if it'll go up or down from here.
2. Is it really that important to predict?
If it goes up, risk manage a long trade.
If it goes down, risk manage a short trade.
If it goes up, risk manage a long trade.
If it goes down, risk manage a short trade.
Yes Wolf, range continuing, getting tighter, still around 6585. No sign of anything decisive as yet, and getting into a quieter period as you say.
Kid, I've put myself back into sim trading for another month. I had two days of live trading before the daylight savings time changes, and was down a a few points for my trouble.
Forcing myself to write much more on context, trends and trade entry/exits now. Pav's notes shamed me into cleaning my act up. Need to treat it like a 2nd business, not just a hobby.
The overnight price action well illustrates the dilemma of trading an index.
"An index is a mean-reverting instrument...except when its not".
i.e.
Most of the time fading a move is the profitable answer.
Most of the time breakouts fail.
Emphasis on "most of the time".
'two markets in one' with the EU markets
Please expand on this. I'm guessing you're referring to the FTSE and the DAX...?
There a BOE interest rate decision today too, but I can't see there being any surprises, still it is news...
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