I trade systems myself and I must admit it takes brass balls to remain disciplined and take each and every trade like clockwork. I just force myself and (try to) switch off any emotions. Often enough, many awful feeling entries turn out to be great winners.
Congrats detective, you had very good timing picking these and called them perfectly. (I'd still prefer to short weakness instead of strength but that's just personal preference)
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from hedgeworld.com
Automated Trading Strategies Seen Dominating Futures Markets by 2010
By Michael S. Fischer, Senior Financial Correspondent | Wednesday, November 28, 2007
NEW YORK (HedgeWorld.com)âAn estimated 90% of all futures market trades will be transacted through automated...
Don't buy the BS on bubble vision. This rally (1 day) does merely constitute a technical counter reaction. This has nothing to do with rate cut hopes or oil being down. These explanations are just added in hindsight by journalists and TV clowns that never ever traded in their life. Why give...
The descent was way 'too fast', hence we get reactions like today. I believe bottoms are a process and aren't made on single days. A few sideways days with low vola would probably lure in more dip buyers and help build a better foundation.
No, nobody should ever feel "tempted" to do any trades. Either one has a trading plan with an entry and an exit or nothing at all. Temptations have their place in gambling, they have no place in trading.