Search results

Let's get some input from other traders here!!! :D :D :D

Indicators are good to filter out noise so you can determine whether or not it's the 90 or 10. Otherwise and when you get good enough price action is all you need and pattern recognition.

90/10 rule 90% of the time markets or instruments range. 10% of the time they trend. Figure this out and you gain an important key to optimal trade positioning.

Patterns exist in the marketplace which paint the picture of likely future price action. Accumulation versus distribution. These can be determined by analyzing charts, market internals, and fundamental data. A story emerges and then trend days by big programs show the liklihood of further...

This thread is about trading pearls. Time of Day is important. Traders focus on price action which is king but in the King's Court lies Time of Day. That is WHAT Price Action is doing at WHAT time of day is more important than either independent factor alone. News is released at...

Worried

Bingo. Sell-off into close. Now what? We're sitting on "Support." If we break then 1300 to 1295 for a bounce. 1250 is major support. Some are calling for a collapse after QE2 ends on June 30th. This is a prelude, that is people are figuring out the new paradigm is to sell into strength...

Big program selling day. Sell into the close trapping any buyers. Low risk if the environment is ripe.

How's that for a prop and drop. Selling into any strength. Who's buying? .gov? Pension money flows end of month? The market shows a lot of crosscurrents. Choppy and volatile. Trade accordingly.... Peace out.

So does it make sense to overclock a 4 core i7 to save money and increase efficiency? For instance i7 960's are cheap.

Good to know. Is it important to have more than 6 cores?

Dell Motherboards are Sata 2 which is only 3 gb/s. Speed will increase substantially with SATA 3 at 6 gb/s IF you run Intel 510 Solid State Discs. So if I was gonna buy a new trading box I would go with an Intel i7 970, overclock it to a little less than 4 ghz---(you can have a whitebox...

Nice prop for the drop. Run it up overnight. Hit the shortstops twice. Uptrend for now but New Highs? Will June break the high of May? Peace out.

Pretty darn close so far. Market is levitating on QE2, inflation, low interest rates and dreams. Will be interesting to see tomorrows action but it doesn't look like a sell-off.

1295-1300 low .

One day I blew my account out. I puked hard then went to bed the nausea was horrible. I had been consistently profitable but when I ramped up the share/lot size I couldn't handle the losses which before I was able to take. I tried revenge trading and breakeven trading due to the increased...

Exactly. Trade what you see. Have a looksie at the monthly charts on the indexes. Summer slowdown. Up to test 1400 to 1500 area. For many reasons. Once the indexes start pushing higher in Fall/Winter then the shorts will have to cover and an explosion up into that area will follow...

Agree. However the stick in my mud is the monthly spoos chart. It wants to retest 1500 in a bad way. When? Summer lows, Fall rally, rollover and then plunge? Gotta trade what you see and for now what I see like you is weakness across the board except select defensive stocks like DF.

News matches the price action. We had the same events while the markets were rallying but the headlines would read "IPO's and mergers drive markets higher" or "Unemployment applications decrease..." Tomorrow the market will retest lows from today then rally to try and close the gap then...

Speedy reversals often seem to have hit key S/R areas and as suggested here a longer timeframe can shed light on where those S/R areas reside. It's as if the bigger players are patiently waiting like a spider in the web for these oppotunities and when taken represent a nearly risk free trade...