June 5th, 2017 ES
June 6th, 2017 ES
June 7th, 2017 ES
Recently I skimmed a few somewhat popular blogs populated by professional bloggers who never show any personal trading results in public at all.
One of them quipped about how current no-range, no-volatility markets aren’t “broken” and even if former “patterns and lines” currently don’t work, other “edges” exist in the market to exploit. Yet no explanation or details on how that is actually possible. Just empty rhetoric, as usual for that space.
A second one blathered on about how dead market conditions are a time to test one’s character, build character, test patience, build patience and overall experience personal growth. Well that would be perfectly fine if this were a Tony Robbins seminar where everyone walked on hot coals at the end.
But this is the trading world. We aren’t trying to build character or play the “figure out today’s session tactics” bullshit world. That stuff is left for non-traders who only blog from the sidelines. Real traders who profit from markets that move up or down far enough to generate potential profits know the truth. Current markets… ALL MARKETS are too range-bound, too sideways and too dead too often for consistent success.
But there is no need to take my word for it in this blog… just look at those past three ES session charts above. Range-bound, sideways, choppy and dead. From the overnight session thru the intraday pit session. Same. Nothing for actual, real, serious traders to work with.
This is not a “method” or “system” or “skills” topic… this is purely an active / inactive markets thing. Nobody with zero exceptions who trades from home or office and pays retail commissions can accumulate consistent profits from historically-dead financial markets. Period, end of story.
Will these current market conditions persist forever? No. Hell no, actually. But that’s what is out there right now, so if you try to navigate your way thru that type of nothingness, I wish you the best 🙂
See You Inside