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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

  • Nic

CLOSING THE WEEK AT ATH?



We got ES pushing very strong (again?) today, at 26.75 as I'm writing this. I am sitting long NQ from 8698, took 1 off at 8701 and I'm letting one contract go. I would't be surprised AT ALL to see a rally into the close and after hours to finish the week at all time high. So I'll just keep a stop at BE and I'm willing to bet this thing to to reach 8730 be the end of the session. Obviously I don't have a crystal ball, but I had a very good week, I'm up for the day and I'm more than happy to be closed out at breakeven if it couldn't make it to get up there.


The biggest doubt that I have is about bonds:

I don't like to see them creeping higher like this to be honest. This might be the reason to be stopped out sooner than expected.


Anyway, whether I'll be stopped out or not, I still think that if nothing changes (tweets?) an all time high right at the close is my best bet.


I'll be working on my NQ class, hoping to deliver it soon.



Have a great weekend!

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