Search results

If that's the case, and you simply must trade it, you can try adjusting your bars downward until you have eliminated the "long bars". This might be for someone who is a bit more advanced, but you might want to go over some back data and see how you might be able to adjust. If you adjust...

Is that what you see? I see chop and non-directional trade. I met my goal selling off the open and I'm just a spectator at this point. Watch for the open price (1364.50). Every time it gets down there it encounters a lot of buying. So, if anything there may be a bit of accumulation here...

This is like saying "you're in perfect health, except for that terminal cancer."

This is quite the move up. Wow.

The spoo is always full of bots. The bots that force range extension are very active today. This has been a difficult day. That crude inventory data was very, very bullish and they are absolutely killing crude and buying stocks. Crude popped to 125 and they absolutely killed it. I don't...

Since AHG is a trend following system, it works better the more the market trends. Always watch how the market is moving. Is it following through? Is it showing the type of price action and movement that benefits your system? If price is just chopping around in a 2 point range for an hour...

The computer programs are having a field day. Programs have been going bananas since like 10am.

What a torturous day to trade. Absolutely no follow through on anything.

Is it me, or has this action been pretty damned nasty so far? (as of 9:09 CST)

It's wheat, it will do whatever the hell it pleases whenever the hell it pleases.

See now, I think your execution was fine, but you were effectively wrong on the trade. What you thought was going to happen didn't happen. You thought you'd have immediate continuation, but price moved into a consolidation pattern instead and stopped you out. Now, you did have an...

What is the rule of 10 exactly, and how are you guys applying it?

What the hell? One up day and suddenly happy days are here again?

Wow, that's some tricky action right there. Trends down, congests, then they rip it back long, it congests again, looks like it's breaking back long and then they rip it all the way back into congestion and then rip it long again. Nasty nasty nasty.

Look at you with all your knowledge of the fed and what it's doing. You better watch out, you'll stem the tide of paranoia and conspiracy theories if you dont' watch it, Mr. Fancy Pants.

I saw this and thought the same thing. Remember, averaging down worked today, but a monkey could have made money on the short side of this market. You can get really blasted using martingale MM.

You need to develop a feel for the instrument and what it typically does. When I look at the chart you posted, I think that you are jumping the gun a bit because you aren't considering the bigger picture. Context is everything. Here's a few things you might have considered: Setup 2...

I told my girl I was thick like a ten year bond, and she said that she hopes I don't move like one. Love at first sight.

You guys have it all wrong. Just trade the opposite of him if he is wrong all the time. When he says the fall is about to begin, buy em!

He said that 95% of day traders are losers, which is the commonly accepted wisdom. He did, however, start out on the floor, so he might not have been talking about short term trading in general. However, to make truly big money you have to trade longer pulls. Eventually, no market can...