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  1. F

    Market refuses to go down

    A manipulated market where the intentions are clearly spelled out is a gift. How many other times are you going to get information that tells you the direction that big money is consistently heading for months on end? I am consistently amazed at how many people are still shorting this thing...
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    Market refuses to go down

    Buffet is buying after a 50% rise in equities? Where was he in March, I wonder? Maybe he really was accumulating his real position then, and now he's just saying that he's buying so the dummies can jump in and make his purchases rise some more. On the other hand, if he really has started buying...
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    Market refuses to go down

    If it doesn't pop soon, it won't pop after October... no way they will let it get that close to the end of the year and then let it fall. You can't compare anything that happened before last September to now. Last year's oil bubble was just a standard bubble - it could have popped any time, it...
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    Market refuses to go down

    They're going to get bonuses based on this year's performance, regardless of how bad it is for everybody down the line that another bubble has been created. From the reports, the risk orgy hasn't stopped in the least - in fact, the banks are even more brazen now that they know that the stupid...
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    Market refuses to go down

    Agreed. And in the future it will get worse that what we have already seen. The only problem is, we have no idea how high it's going to run in the meantime. That's why anyone who tries to trade off of fundamentals is nothing but a fool - they are completely irrelevant. Right now here is how...
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    Grey Box Trading on the Rise

    Thanks for the heads up - looks reasonably interesting. I am not looking to go gray box right away, but at some point within a few months I may give you guys a ring. Of course I currently use NinjaTrader and I don't believe you support integration with that platform, but I will be doing a lot...
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    Grey Box Trading on the Rise

    I scalp successfully all the time. You can easily catch 10-20 tick swings in crude oil all day if you know what you're doing... however the days of market making are over for humans... not that I thought they were ever really worth trying. Personally I have been thinking about implementing a...
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    Since september 1 when flash orders removed, bull market ensues.

    Or it could be a coincidence. Most people usually expect a drop in September, and right on cue, the manipulators dropped it in the first couple of days to get people nice and short. Then they ran it up. The market will do whatever it takes to screw the most people that it can. The fact that HFT...
  9. F

    Is shorting a dead end street?

    This about it this way: losses are unavoidable. No matter how well you can read a chart, there is an element of unpredictability in every trade, and you can never know with certainty how one trade is going to work out. A poker analogy would be playing Texas Holdem and having double Aces in...
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    Is shorting a dead end street?

    There is a free indicator available here: http://www.ninjatrader-support2.com/vb/local_links.php?catid=1&sort=N&pp=15&page=4 It's called called dValueArea. It is a free implementation that maps out volume by price level for NinjaTrader. You can check out all the other custom free...
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    the reason why a lot of traders feel the need to short

    The good news from a trading perspective is that whenever this bear rally does end, we're gonna get some nasty volatility again. Personally I'm incredibly happy as a trader that they are jamming this thing up... the higher the better. It will make the fall that much more volatile, and make me...
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    Is shorting a dead end street?

    Yes, it will. And note that I am not making a prediction, simply cautioning that standard TA is not as applicable as some people think in this environment. If I had to bet, I would put a 75% chance on us reaching DOW 10,000 before this rally ends. That still leaves a fairly significant 25%...
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    the reason why a lot of traders feel the need to short

    I said something similar here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2560363#post2560363 Going against the trend is how some people subconsciously express their desire to "stick it" to authority. It's an expensive urge.
  14. F

    Is shorting a dead end street?

    Well I've never traded ETFs so I don't know how well they correlate in terms of volume... someone else might be better suited to answer that question...
  15. F

    Is shorting a dead end street?

    The DOW is now at 9600, less than 5% away from a very big number at 10,000. Do you seriously think that they would let it get this close without making a push up to that level? Forget standard TA for the moment - this market is different because the manipulation factor is so strong. I'd be very...
  16. F

    Is shorting a dead end street?

    Glad to hear it. If you're not already familiar with how to use Market Profile and volume distributions, you should learn. When a lot of volume trades at a price, you know that this will always act as a resistance/support level and if a trend slams into it, it will often start to chop. I have...
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    Is shorting a dead end street?

    Well, there's another problem. You shouldn't be trading a certain way because it's "fun" or to prove anything to yourself, you should be trading simply to make money and for no other reason. You aren't going to score any style points for trying to do something difficult - it's not the Olympics...
  18. F

    fine the BOTS!

    Or, just use the DOM and do the exact opposite of what you would normally do. If you see a big offer buy, if you see a big bid sell. The name of the game is adaptation.
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    Is shorting a dead end street?

    Keep in mind that there are a number of divergences happening on the daily time frame right now which could make this S&P rally pretty suspect. There could also be a blow-off top soon, if some shorts get squeezed here. In any case, stop trying to predict the larger trend and just trade intra-day...
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    Is shorting a dead end street?

    Correct. The larger trend is up, in the time frame you are trading. You are fighting the larger trend and trying to scalp pieces of retracements. Not only is it safer and easier to go with the trend, it's more profitable too. The problem is that you have a biased mindset towards the short-side...
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