Per today’s theme: I guess I owed Julie some much needed eye bleach after her bout of nausea and vertigo triggered by yesterday’s featured image. Feel better! Alright our long campaign on the E-Mini is starting to look pretty good now and there may actually be the prospect of finding more meat on this bone. Let’s review:
Fellow steelrat Evilisasevildoes just mused in the previous thread that the market was weird. I’m not sure if he’s referring to just this morning or if it’s a more general observation. If it’s the latter why should we be surprised? Although we pride ourselves of being primarily system traders trained to ignore the daily onslaught of neck hair rising clickbait we would be foolish to not recognize the fact that the political situation on both sides of the Atlantic is increasingly becoming unglued. And clearly over time constant systematic insecurity breeds market insecurity.
I actually wasn’t planning on posting today but the current move in NG serves as a glaring reminder of why it (literally) pays to fade the daily onslaught of MSM or social media noise and to instead focus on meticulously following what we teach here. And to that effect to pay close attention when we lead by example. Unlike by the way the vast majority of top name ‘market analysts’ you’ll be coming across during your career as a trader. Others talk – we do.
There has been no rest for the weary since we embarked into a new market phase back on January 26th of last year. In fact if you look at the tape ahead of that date and what followed then you probably agree that the contrast could not be more stark. On the left we see a low volatility bull market while on the right we have a high volatility bear or sideways market.