LF, you might like to discuss this with Lawrence Chan. His site has useful information. I don't know much about the merits of the data or what benefits could be had.
I think,LC may be a good source as he has posted some specific conditions that were spot on.
I understand. Thanks for explaining. I see what you are doing from a casual glance and it has held up pretty well.:cool:
I am not into various time frame charts so I miss the points (levels) you are referring to.
Good trading
This is where I get a little confused, Volente. You came back in with a '52' bid with a stop at 49.
But now you are looking to buy at 49 with a 46 stop.Why not put that 46 stop in the first place with 'bids' down to 49?:confused:
Nice, LF.
T-Day is Tuesday and Thursday;beginning with "T".
I saw in a 'Stocks and Commidities' article last year that over approximately 20 years Wednesday and Thurday were profitable +60% of the time.
BTW, when to these T-DAYBOYZ ever sell?
:D
I think this is a precursor to things to come. Nothing in Europe has been positive either, except increase hire purchase (credit) and credit card usage.Consumer spending lower=means US exports will drop.
In fairness, TRO does offer an 'exit plan'. The trailing stop,which is one way,but it does not necessarily mean that TRO trades, if in fact he does trade at all, using the trailing stop.
And where is your answer to my question on the previous page.
BTW, I agree with your basic logic of "daily high/low" and no indicators.It is the only factual part of the daily price movement.
Yes, even though today is an 8 point range since 11.30 , it seems to be dull. It all depends on the individual set up though. These can be useful for the likes of ammo,whereas I don't have anything going on and not likely to.
Good trading, y'all.