This is about HFT's and a counter offensive against market manipulators on the DJI.
It is an unconventional and risky strategy. I share with everybody. But if carefully studied and managed can be quite profitable in relatively short periods of time, like a few hours.
To appreciate and engage this: 1. Multi-timeframe analysis is a must. 2. Trend following skill is required. 3. You must have 'nerves of steel'. 4. High levels of attention to detail. 5. In live trading you must have cash that you can afford to lose. (Your losses are your own as usual).
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GET READY! No guarantees.
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HFTs were certainly out in full swing today. These are quite probably acting on behalf of the Plunge Protection Team. I say that just simply because price went the other way to my expectations of probability. The point is there is nothing of true fundamental value for markets to suddenly move north in several microtrends. Today price move north but struggled to do so. Some $6 Trillion has been spent in the last 9 months propping up this market.