❓Why NO FOMC Price Action Follow Through?

Рет қаралды 4,874

Күн бұрын

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Пікірлер: 34

@thecanadakid7622 3 ай бұрын

worst day of the year for me. yeah, feeling a bit bumbed right now. shorted tesla huge, cathy wood manipulated it with an abosutely ridiculous PT of 3000$ didn't think people would fall for it. Never short on a positive CPI day, lesson learned.

@jatodd3746 3 ай бұрын

Back when she first predicted $4k, she was publicly laughed at and ridiculed, until it came true.

@artreyes4871 3 ай бұрын

Was a TSLA short discussed in the trade room? 🤔

@thecanadakid7622 3 ай бұрын

@@artreyes4871 I am not a member of the trade room, I make my own moves.

@jcd3869 3 ай бұрын

CPI and FED days always so tough to play either way. GL

@thecanadakid7622 3 ай бұрын

@@jcd3869 yeah its true unless you are in on the right direction during news, it kind of sucks.

@artreyes4871 3 ай бұрын

I listened to Mr. Frost and took today as an exercise in patience and waiting for better opportunities worthy of risking capital.

@fairmont080908 3 ай бұрын

With all due respect David, you’ve been saying waning velocity for close to a month now and the market keeps going up.

@anthonycollins9758 3 ай бұрын

Also said the market is still bullish, waiting fir a sign or signal of a trend change..

@shitoutonme 3 ай бұрын

@@anthonycollins9758 So he's covering all the bases so he can point back and say, "See? I called it." Smart.

@msforecasting 3 ай бұрын

@fairmont080908 with all due respect, you have no idea what that even means. Waning velocity can and does show up on an intraday basis which mean it happens multiple times per week and was discussed from a day trading perspective. When I did discuss it from a longer term perspective, the market DID pull back. Any other questions?

@fairmont080908 3 ай бұрын

@@msforecasting what you are saying is not accurate. You keep mentioning waning velocity as an indicator to a bigger market pull back, but that has not happened. Similar to your “stone cold” short prediction a few weeks ago that did not happen either. You can’t contradict yourself by saying low volume should not be an indicator of price movement then cite waning velocity as one. It’s okay to be wrong, we all are many times.

@dudelinger70 3 ай бұрын

Is the SPY chart more important than the Mini ES chart? It seems like the ES chart is more accurate to me

@Avvesome 3 ай бұрын

Good question!

@stevencenter516 3 ай бұрын

bro the price action was front loaded this time -546 by friday

@jessicavelez4045 3 ай бұрын

I should sit out next time they have these events .. it’s just a hit or miss every other time for me! Thank you

@artreyes4871 3 ай бұрын

Taking a position during an event like this feels way too much like gambling. That's fine, but know what you are getting into.

@flipflopsurfer4562 3 ай бұрын

We are so far above Weekly pivot there's no way we go back towards it. Up up and away!

@roe2123 3 ай бұрын

I tried to fade the move up this morning but nothing happened. Just kept going up.

@msforecasting 3 ай бұрын

Because new highs are very difficult to fight... Why fight the market?

@danielbuckett5913 3 ай бұрын

Thanks for the video.

@KQQLCHEV 3 ай бұрын

Professional trader tip: Do not trade before MAJOR events ~ 😎

@paliuchi 3 ай бұрын

SMH is full on parabolic! Its not often you see a huge index trading like a meme stock

@knomatik 3 ай бұрын

Not even to the 4th of July and it’s up 53% on the year. I mean how far is too far for an index?!

@paliuchi 3 ай бұрын

@@knomatik literally up 250%+ since the 0ct 2022 bottom... looks like a blowoff top is very close.

@mikep509 3 ай бұрын

Better close that short postion

@paliuchi 3 ай бұрын

@@mikep509 seen this movie too many times before, and it ends the same way every time. 1999-2000, internet stocks. 2007-2008, fertilizer and agriculture stocks, 2020-2021, zoom, paypal, peloton ecc.. all gone parabolic, all crashed 80-90%... its always different this time, as the greedy thinks it will never end...