Search results

Stop trading. Very simple. Don't be one of the stupid guys who tries to learn trading by losing money over and over again.

Same type of action today. Also, I notice the same type of activity on ET each time the market is down. Last time being Brexit. Today's open was a great buy. Expecting the gap from Friday to close by end of week.

Friday was a 'trend day' on the ES. Open in top of the range and Close at the bottom of the range. The pullbacks were relatively shallow with the largest being roughly 7 points in a nearly 40 point down trend. However, these days ain't common in the ES.

Is this based on gut feel or something else? The last few times the market has had a gap down of some magnitude (and larger than this one), it recovered in less than 4 days and ranging sideways before higher, i.e., no more down side than the initial gap day.

You're asking so many questions that you could have answered yourself just by looking up charts. Anyway, with regards to the ES, you can have both: 1) Sharp and fast reversals 2) Slow reversals where price stalls for a period of time (longer or shorter) before it reverses.

I don't know. Do they? The point is that the reason why isn't relevant to your success. A fast price move could be a cluster of stops or it could simply be a large order or multiple large orders entering the market for some reason you're oblivious of. And even if you knew the reason, it...

First things first. What is a stop loss? It is a trigger at your broker where a market order (or limit order) is triggered when price prints a pre-defined price at your own discretion. So, if there's an area where stops are clustered, this means that once price trades there, that side of...

This is old news, but yes, it's pretty ridiculous. Regardless, like with trading and any other niche, I suspect that out of all the worthless and shallow blogs and people doing this kind of thing, only a very select and lucky few is able to make substantial money from this.

So, looking at the end of today you'll see this: Down move, Up move, Down move, Up move, with a close at 3 points below the Open. Was the trend down? Maybe. But you had a 5 point and 7 point up move in between.

No, I don't think so. Maybe it's just me, but I can't see how anyone could take that chart seriously? Come on. It should be obvious that it was a joke on behalf of the trend followers.

If you think that chart reflected my analysis or trades, you completely miss the point here and my sarcasm. I do NOT perceive the market as annotated on that chart and it has no relevance to my private plan or methodology which I have no interest of sharing here. I'm not interested in the...

It's meaningless to talk of a 3 point trend or even a 5 point trend. Where do you enter on a such a move? What's your risk? What's your reward? The whole point of trend is that it's a sustained direction up or down and that you can profit from recognizing it and enter on adverse movement to...

I'm merely trying to illucidate the fact that for the ES intraday trend following is usually a bad idea. The chart I posted on page 4 simply had multiple up moves and down moves in sequence. There was no trend. Other instruments may very well be suited for intraday trend following or at other...

Or better yet; a snapshot of today's current chart. What's the trend as of now? What would a trend follower do from here and to 16:00 or just the next 30 minutes?

I'm still anxiously waiting to learn what the trend was on the chart I posted from the trend following crowd. :) Sure, you can get days like these once in a while, but my experience and market statistics tells me that these days are rare.

What's the trend on this chart? :)

No? The daily S&P 500 trends more than the S&P 500 intraday. So, are you rich from your intraday "trend-following"?

If you're day trading, you should forget about trends. By the time you've spotted the trend (and missed out on the move) and confirmed it, it will reverse on you. Better to focus on identifying where and how price reverses, because persistent trends is the exception, not the rule, intraday. At...

What if instead of trends you instead focused on price moves (up/down) and used some kind of reversal filter to determine if the current up move or down move was still in motion? Whether a market is range bound or "trending", all it's really doing is moving up or down in various strengths and...