Trading the OMXS30. commentary and trades. Always learning. My trading style is discretionary daytrading order flow / price action, and intraday swings.
@mitsuhiko Companies are pushing their outsourcing it partners to adopt AI which will cannibalize their times&means framework contracts.. looks pretty grim in the medium term, being forced to dig your own grave..
It should come as no surprise at this point but #ES_F pulling the same move it has for the past 2 weeks into the close: Quick fake down of critical support, trap, recover. RSI totally reset
Same drill applies: 4665 target in play as long 4595 holds, 4565 critical support beloe
1/ The illusion of alpha
Arguably the biggest way I've seen good traders burn out is the never ending search for a unique edge in the market
But what if I told you that 95% of the time, alpha is an illusion. And furthermore, most traders look for it in the wrong places
Despite setting new highs for 9 of last 10 days, rally continues in #ES_F. My target was 4540, 4560-65 & its close. Resistance there
Plan: 4565-60 in play as long as 4525 supprt keeps holding (sell to 4500, 4465 if it fails). Bears can't step in 4565 we head to 4595, 4645 direct
$ES - blue box is going to be pivotal imo. close eye on that area if im gna build another attempt at swing short. for now just just short term playing levels. ive no conviction to short here
#OMX30 efter misslyckandet uppe vid "2185-porten" nu kommit snabbt ner mot stödzon kring "2100" och initiala studsar vid kontakt mer naturligt.. "bulls" vill således se denna platå intakt annars ökar riskerna nedåt..
Don't be a jack of all trades, master of none.
Specialize.
Understand your risk appetite, funnel your focus in one or two asset classes, determine your trading hours, stick with one or two set-ups, be patient...
That's the money.
Hang Seng down today around -2.5%.
Worth reminding of the bigger picture there, and how scary it looked then, when they closed ten days ago, on March 15th - RIGHT at Support.
Monthly and Daily
$ES_F Declining momentum as price moved higher finally turned negative today after price failed to continue higher, with market closing below the 3D pivot...
So, getting interesting for the Chart of Truth. We are now above 2 standard Deviations about trend, just like 2018. We are in the zone where this 30+ yr trend works again or fails... 1/
Efter att Implied Volatility Ratio fallit indikeras att den enkla resan på uppsidan för OMXS30 är avklarad. Det finns inte lika mycket bränsle efter att folk stängt sina skydd på nedsidan.