Search results

Why would it be panic? I'm not an economist but it would seem to me that these things would happen gradually.

I believe we'll have inflation, so why am I short Gold? It's because don't know when we'll have inflation. right now the charts are telling me gold is going down so I'm short. It's that simple. If gold fails to keep falling, I'll go flat. If gold goes up I'll go long. Why predict...

This is great advice. I was daytrading ES only. Gold, Dollar, etc. are for swing trades, ideally lasting for months. With this crisis I'm kind of reversed. I have a swing trade on for ES so I was looking for alternatives. I've heard that TF (Russell 2000) trends better and is less...

Today's light volume is troublesome for me. I'm long ES and debating when I should sell. Either today's volume was the sign that there were no more buyers, or people are waiting for a little more move up before jumping on I'm not sure which.

Just wanted to say thanks for the link and recommending the video. I've heard Market Delta mentioned a few times lately so I will check out the video.

What I meant was that we often have two pivots that are within 4 pts of each other. If I give a +/- 2 pts "zone" around each pivot, it's possible that 2 pivots overlap. Maybe +/- 2 pts is too big of a zone and this shouldn't be a problem? I noticed it while looking at some of the trading in...

Depends on your data provider. If you're using IB, you can use TICK-NYSE. For IQFeed it's TICK.Z. It's different for each data provider.

I've heard many times from many traders on the net "Simple S&R is all one needs" but I could never really make it work for me. Until now. It's very rare to find someone on ET showing a useful technique and being so open about it. So first I want to say thank you to ESSupportResistance for...

I usually pick my short positions of support on a 5 minute chart. I find gold will form a double or triple top on a 5 min chart and I try to short at that level. The past few days have been trending down. So I'm not sure how to add on but I'd love to. So I looked at the daily and it's...

Problem is with today forming a doji, I'm not sure it's going up on Monday. We could be headed back down for another retest of the lows. Pretty disappointing day. started out great and retraced to the 62% fib line. :(

Gold sank big time today (almost 16 points as I write this). Gold is going down whether the indexes go up or down. It's almost as if the Gold speculators know the indexes are going to rally and they're leaving gold. There is no way I'd go long on gold. I'm short from 900 and not looking back.

Why don't the moderators remove the poll feature? if it's there I assume it's to be used. They are two different questions. Not only that but the first poll had a time limit. It doesn't make sense for people to vote for it after a week. The second question is similar but is asked after...

We were discussing setting stops at what 885 I forget and I looked over at the chart and ES had blown right through that. I figured we were so close to 837 that I may as well say in. I agree with NQ being stronger. I'm also in ES so I think you're right adding some NQ would be better...

I definitely don't trust the majority vote here for answers, I'm just curious what people are thinking. It's not the same question, now that nasdaq has retested its low and closed up it's very bullish. I'm curious if people think we have seen the bottom, and if so what's their strategy for...

Interesting results as of close: Yes 21 38.89% No 33 61.11% Note that the poll didn't have a time frame on it, so here is a new poll Have we seen the bottom? http://www.elitetrader.com/vb/showthread.php?s=&threadid=141515

Have we seen the bottom?

I'm glad I hung on. Looks like we did a retest of the low and things should be good from here. What's a safe entry to go long?

Are you trading futures or options?

What's a volume floor? Looks good, I like it whatever it is. ;)

Last night I was thinking that due to the low volume of the decline, we could have even lower volume today and have a doji marking the bottom. I didn't think the previous lows would be touched, and I was confident that they wouldn't be broken. So far the nasdaq has taken out its previous low...