10.23 DWAC A friend of mine entered this market a couple days ago and is ahead over $300,000. My friend is a very lucky guy, and while I would never enter a trade when he did,, I would like him to maximize his target and make even more money. I did not state this in the video but I would not be surprise to see the market trade a little bit lower to close the gap. The very nature of this market is that it will probably maintain a good degree of volatility, and in a couple of trading days will be able to find a tradable range using the techniques that we use. The reason I chose to talk about this is that I believe there is information about this market that has some significant for some traders, and for other traders will see nothing to bullish price bars. There is a saying that you should trade what you see, but if you can't see the message you can't trade it. This market produced a spike, and for those who recognize a spike, it is likely to be trading differently than for those who do not see what this is. So I will give you my interpretation of the market based on my understanding of spikes, and I will include other points of view based on the way I generally look at a market. I never would have trading this market, but since it has expanded the way I look at expansion, the market is likely to set up to some identifiable range, and from that point will provide trading opportunity with manageable risks. So I will follow through in the next day or so as the market gives us more information and helps us make decisions about the market based on market information. I made some minor mistakes, for example the sellers would have lost more than 70 points not 30 points, and there were some other unclear comments when I listened to the video, but I'll make these clarifications on subsequent videos since this video is good enough for now. My belief is that the market is trading to mathematics and that the market is not random. My belief is that mathematicians may be programming software, but the market trades to the behavior of buyers and sellers, and smart money, and fast money. I believe that we know enough about the market that we can change the odds to favor our trades despite the fact that there will be some losing trades.
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