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I'll preface this week's Market Prep Blog post by saying that I anticipate this post will be frustrating to many of you. Why? Because despite being an intraday trader, part of my strategy for sustainable trading is NOT trading and/or trading very small & timidly. Last week I started my blog post by saying something along the lines of "this is going to be a tough one to write." Well, that is not the case this week: This will be an easy Market Prep post to write. Here's the short version: The next 2 weeks are likely to be a shit show and if you're doing anything but scalping you're probably going to get chewed up alive. Here's the long version, aka why I feel that way:
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“Lower lows established the October bottom” do you mean higher lows?
Another golden nugget from Gandolf the ES wizard
Thanks for being our wizard leading the way through the dark.
Couple ideas confirmed mixed with plenty I hadn’t considered at all. Great write up as always!
Great write up! I expect a wild week, one way or anothe.