One of the most powerful quotes about trading I have ever read and holds a lot of truth and value...
"trading is more about knowing when not to trade than it is about trading. trading is timing. waiting is painful. pain brings wisdom. wisdom brings balance. trading can be excruciatingly exciting when done wrong and tauntingly tedious when done right"
-Jeff Cooper
Everyone should listen to this.
The absolute worst feeling would be for me to be loaded up in the NQ pit one way or another and have Tudor coming in with HUGE size th other way. Richard Dennis would give us a chance to cover or get right sided. Tudor just came in an bulldozed us with relentless size all day. He was/is one of the greatest of all time.
The best feeling would be for me to be short 50-100 big NQ(not minis) and have Tudor come in selling them. I would LOAD up.
Was walking through the airport last week and a book title caught my attention. "Covet the Comeback". As if the universe was sending me a message. Thank you. The message is received and greatly appreciated. Keep sending more...
Market acting interesting
Been studying @I_Am_The_ICT methodologies and still dont have a full grasp but overlaying what I already know and very compelling
NH 72 vs NL 136
Daily range today was 371
10d avg 262
5d avg 282
a change in market character today.
retest of todays lo will be interesting but 9/17 lows will be the ideal spot for the short term imo…if we shoot below that with some heavy stops we could easily hit lower KC
f this is a simlpe pullback we could potentially get a market reversal when the range goes into the 200% range which is probably a 500point day on NASDAQ…
$NASI daily heading lower with weekly never having left OS