HMB

...JPY gave back some of its gains recent days... probably another factor that supported NKY to some extent... ...weakening EURUSD obviously didn't have the same effect on Dax... could suggest opportunity to position for breakouts of recent "global oscillation"...: short NKY, long USDJPY, long DAX, long EURUSD, stops beyond but near recent range borders.. views?

Exactly. The other particularly treacherous time frames are: 4 hours, monthly, 10 seconds, weekly, tick, 15 minutes, 2 hours, 1 hour, 5 minutes, 2 minutes, 1 second, 3 hours, 3 minutes, 1 minute, daily, 30 minutes and 2 minutes. (paraphrasing Mark Twain)

...near the upper end of recent range...: while "rest of the world (SPX, RTY, DAX) near lower end of recent ranges... - wondering if that is a sustainable divergence... US stimulus/election uncertainty, re-lockdown in Europe, relatively fewer cases in Japan may be the narrative behind it.. thoughts?

ok, makes sense, thanks. good night...

thanks, understood - was just wondering what made you enter it in spite of against your playbook - there must have been a valid reason, as in the end it worked out well

...opportunity to go long with minimum stop distance below recent support zone...: (already short NDX, expecting at current levels at least some hedging quality of HG against global risk assets rebound..) (demo account only) : review at around 29900 (if we get there)

sorry for being block-headed, are you saying that it was wrong to short too far away from the resistance, because closing at the point were you would have considered your trade idea as invalidated would have come with a too large loss? sounds like good advice.. why had you opened the trade anyway?

stop hit

...think I just hi-jacked this thread that I had started...

fake bottoming pattern... 7 green candles in a row till slightly above previous high, with low volume... then sudden reversal... should have been clear then that something has changed... (like some large trader switching to whipsawing suckers...) and that this was likely not going anywhere anymore today...:

fell into the whipsaw trap after closing the first short

trying overnight long with tight stop...: (lotto...)

remind me that 10800-10900 seems to be an important range... interesting close, relatively quiet given action 15-10 minutes earlier..

calling it a day (demo...)

closed @ 10846.7

expecting selloff into the close, after pretty bearish price and volume action

short 10827.2 (demo) g. stop 10905

closed 10823.4

target infinity... rationale: Fed... not investment advice

long at 10877.3, g. stop 10775 (demo account)

closed at 10878

moving stop to 10890

moving stop to 10915 one fake support level after another getting engineered for subsequent stop hunting...

...I take the failed rebound extension as indication that all the (retail) money is probably already in or waiting for better levels... and Wall Street might even sell a bit to get prices closer to attractive entry levels... too much negative influences on sentiment recently: Wilson, the super rich getting ever more careful, 2nd wave fears, election risk... valuations... battery day disappointment... profit taking approaching month/q end... seems much easier to construct a bearish narrative for the near future.. but then I might obviously be wrong. don't try this at home..

(don't see an obvious target level above 10350 or so - will monitor this closely and might exit early, don't think before 10875, though - if we get there, of course)