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Boring Daytrades For The Win
In August and September, there is little reason to be bearish; in fact, there has been little reason to be bearish all year. But there is reason for caution. In this update, I walk through how to deal with the chop that could still affect September and the monetary policy uncertainty that continues to hamper follow-through.
The Main Event
Tomorrow we get the NFP report and with it the number that matters this week. Let’s talk through what I plan to try and do with it.
Raising The Bar
Since our last update things have changed quite a bit as a result of the last news event. With that we will need to also raise our line in the sand as well as next targets.
“Stewie” Patterns Worked Great Today
When I highlight inverse H&S, I think they look like “Stewie: from family guy. Many of these patterns worked great today.
Today Trading
Daytrading the psychology of each session has been the best way to deal with volatility, as we saw how the JOLTS data release triggered a rally in equities because “bad” news is still good news for the markets.





