Looks pretty bad
1. Future are down across the board
DOW below 11,000
S&P has dipped below 1220
2. USD has dropped steadily since Monday market close.
3. There are supposedly a lot of stops to be triggered just below these levels.
On the positive side
1. It looks too easy
2...
emc
Thanks for taking the time to post.
I completely agree that trading is a probability game no-one knows which way that next tick will go.
I've used volume in the past and understand what you are talking about but practically it didn't really help me with any of my set ups.
What...
FRE and FNM are old news now, they will be saved. Exact mechanism tba.
IndyMac, FRE, FNM, LEH these are the ones that are known. My question is how much are the markets discounting the next round of collapses [ie the ones that we don't know about].
Cutten
Nice to see someone taking an argument to its illogical conclusion. You can apply pretty much the same argument to the normal concept of risk return for trading.
Back to value investing:
Which situation is more likely.
Scenario 1
All market particpants work out that a stock...
Stock trading FX etc are not zero sum games.
Theses activities are quite similar to gamlbing [incidentally this is where I got my initial captal from to strat investing...].
Consider a game of poker house takes 1% of the pot [commission, spreads etc]. You would thik this would be a zero...
One trade ie 83m at $124.76 at 11:45am pretty much explains the high volume.
I haven't got a clue how to post pics but here is the link ti the yahoo chart...
Definitely a very bullish day today. Lots of bad news [oil et al] and the markets closed up.
The price action looked a more disconnected from news than usual today. The emperors new clothes come to mind.
If I wasn't already short I would be on the sidelines.
If you ignore the news it...
The markets are bi-polar at the moment, probably reflects the mentality of most of the participants.
There have been a few nights where futures have been way down and the market moves up. Usually because of a rate cut but last night was just weird. Way down for no reason and then up for no...
I'm in pretty much the same boat. I trade in New Zealand, I find the cable and the euro move around abit.
You can still trade the indicies but you have to get used to the movement ie slow and not much...
And you always have gold and oil.
You don't get the same big swings but theres...
Agree with TA also supported by FA. NZ economy appears to be in recession can't see current interest rates remaining high for much longer. Q1 GDP -0.3% and no rate cut.
Nice post.
I'm definitiely a C [on the way up LOL] have been as high as a B and as low as a D.....
You can pretty much tell where people are after reading a couple of their posts. Lots of C's and D's.... mostly D's.
I have a high winning trade %age and am learning money management so I...
Question for Ivanovich
NB I'm mainly Forex as well [and quite bearish on the equity markets] but I couldn't resist going long at close either.
Question is where have you put your stop??
Cheers
I've just started trailing stops to breakeven and am quite happy with the results. I do agree with Cutten that it is not efficient to do so.
Cutten is quite right with his approach, but it takes time to master that type of trading discipline.
Trailing stops works for me because I found it...