last night dji futures rallied almost 120 pts but after the market open, the rally dies off and eventually closed with -20 pts down. I went short on both aud and dji thinking that the nonfarm payroll data will be AGAIN Sh**. But i was wrong!It went up 9% and thus at 1-2 mins a last flow of cash went into dji and indices and i believe other indices also. So I got stopped out for both aud and dji. Painful but I learnt.
After which i studied the chart and it was telling me quite obviously that big boys are consolidating at 5pm-8pm (SIN time), they buy and short wihthin this range of pts in dji. After which they accumlate alot ammo from this few cycles, they push the index up all the way....
slowly i observe the market , it creeps down slowly....that is the point where big boys start to unload..unload and unload..to who?the public!they buy on news and hoping it might close with a +200 like the previous day. Who knows, the rally came down with a sad note *-20 pts for dji*
Looking at your chart "deeper" and having experience gained really means a lot. This is where i am still sharpening my skills in.
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