I'll start with the Euro again.
1.2385 is my next strong area, assuming continuation of a downtrend.
JI
jimkane
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I'm not sure if the ES is going to gun those stops before the close or not. I am about 65/35 or 70/30 for it, but it's not a slam dunk that they will right now. If they do I suspect it will be a nice stop pop for those that are long.
JI
jimkane
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I'm wondering if that's all they plan to do for today... C'mon, give it to me, baby.
JI
jimkane
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What many people 'out there' who are struggling with their trading and trying to learn don't realize is just how big a factor it is to realize it's not about knowing what it will do, it's about knowing how you'll react (and doing it) for all the possible things it will do. In other words, comprehensive, aggressive management. Some have more simpler styles, but until I watch them trade live over time, and see their brokerage statements, to me it's just more talk. Plus, if someone is extraordinarily gifted, such that they can give up edges and still be wildly profitable, well, good for them, but us mortals, we can't use that as a template for us. Just my two cents.
JI
jimkane
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Posts: 33,089
Management here, to me, focuses on the stop pop, since it may recoil viciously once it pops.
