Fade The Noise – Play The Game
Fade The Noise – Play The Game
I’m just loving life today. The weather in VLC was sunny and warm and I just came back from literally ripping up my gym. Once back at the lair I checked back into the matrix and found my account glowing bright green – again. It’s becoming a filthy habit and I should watch my six as this game should not be that easy. But in the end, if you fade the noise it all just comes down to this, right?
But let’s recap for a moment, starting with our daily campaign which we, if memory serves me right, embarked on in the early morning of October 20th. T’was a good day as it was a brief opportunity to catch a ride on the ensuing rip tide.
Early morning entries – my favorites in the past few weeks – I got filled near 1872.25 and I’m now counting 12R. My apologies for misreporting this earlier – I thought I was up to 13 but it’s ‘only’ 12. What I enjoyed the most in the past few days was all the chatter about non-confirmation and how a week of sideways tape and non-confirmation across indexes surely meant that we were about to correct massively. Yes, maybe – and maybe not – nobody really had a clue and people were literally pulling fancy charts out of their asses.
Today’s reward belongs to the few remaining strong hands who didn’t flinch and relied on their trailing stops to do the heavy lifting for them (take a hint). I told you guys that I’m going to ride this trend all the friggin’ way and I was not kidding. Let’s see how far we can stretch this Armstrong… If you must know – my new stop is now been advanced to the recent spike low near 2028.
Moral Of The Story:
But it gets worse…
NQ futures – one of the setups I posted in our early morning briefing. Of course nobody took it (cough cough – again – cough) but I always said that it’s lonely at the top (and the bottom). PICTURE PERFECT entry this morning and I should be charging for this stuff – oh wait – I am… My stop WAS at break/even but since it’s busted higher I have moved it to the recent spike low near 4328.
I only have one new setup today and it’s a super extralishious experimental one on the EUR/CHF. We are scraping the bottom of the barrel here and since I’ve got risk capital to spend I’m taking 1/2R here with a stop at 1.999. Most likely they’ll run it but heck – I have been Lucky Luke lately. Not much else to do – either she bounces with a vengeance or the Swiss may have to start yodeling about a re-peg again.
Where Have You All Been?
If I may ask – inquiring minds would like to know why the majority of you rats have been completely missing out on the past few weeks of market action. It was hopping here while we corrected downward but it seems a good number of you guys seem to suffer from a chronic bout of directional bias. Hey, it’s all the same to me – but it would be a bit more fun if some of you were trading along. Just saying… plus I do post here for a reason 😉
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Cheers,