Search results

Closed my final ones out for +0.250 total. Don't want to be greedy. Working on adding a few position trades to my plan, so pleased with how I managed this. I am bullish on this instrument, and no doubt I may regret in hindsight taking profits here. However I have managed it according to what...

Any NG traders here?

Yes, that is part of the intent of low interest rates. Capital is forced to take risk in order to achieve yield. The markets are being marked up to stimulate further participation by the public. A protracted bull phase will continue until this is achieved. +1

The adaptation is necessary if you wish to move trading beyond pattern recognition. Any instrument will behave in a distinct manner depending on what location it is in in the overall trend. I would suggest that one needs to spend at least 5 years with one of the futures contracts you mention to...

This is why traders should restrict themselves to very liquid markets. Futures are ideal. Of course, you can still get caught in nasty moves, especially in the ags. A newbie with a 50k trading account could trade 2 ES in relative safety. If folk insist on trading stocks when they are...

NoD, please, enough letting cats out of bags! :eek:

Maybe you can ask GS to tell you of their next index upgrade before they announce? If that is really what moves the market, you don't have an edge unless the big boys tell you their plans.

Look at all the threads which start with a similar question. The result is inevitable. Random guesses from those who do not know. Silence from those who do. The poster ends up receiving guesses masquerading as fact, and is worse off for believing any of it. (as are readers who do not know...

+1 Exactly, precisely.

Quantify strong.

Are we all tucked in short?

Why would it matter? No one entity can make more than a temporary ripple in such liquid markets. 800 bigs isn't enough supply to have a meaningful impact in the timeframes you discuss. I think there is too much focus on individual names from traders on the retail side. People have a...

First three orders were buying to close my short. The long was only 1/3 of the original short pos. If it had gone down I had a very tight stop, but would have likely ended up with some slippage, hence why it wasn't a bigger position. You can only get away with manoeuvres like that in the ES on...

Thanks ammo. Yes, I'd just look for 10 NQ points from that trade. I've been busy with Euro during the night so I'm done for today thanks. Any chance you would be good enough to put up a 1 minute chart of ES and NQ, with no indicators, just price and volume, and perhaps mark on your trades for...

Depends on the timeframe you are trading and your expectation for the move. 12.35 was a clear bottom on all markets and I do not think it would be wise to hold onto shorts there as a day trade. Indeed by reversing on that bar, you could have had an additional 8-10 points out of NQ on the bounce...

1) trading plan needs to account for when you are able to add to positions and when not. If you put on too much size you can be emotionally involved in the trade and this can lead you to make the wrong decision as in the above case. Remember that you will take a full loss every time, whether on...

The 12.45 / 12.46 bars on ES were a clear indication to cover. Pleased you got a better price on your second half, but perhaps more work needed on your reasoning for lightening up your position? Some changes to your trading plan could help you take more points. Look at how you are defining...

Okay. What was your original target when you took the trade? Do you believe that 52-53 will be the low of the day, or is this a fake temporary support to induce the public to go long?

Should be doubling up or sitting tight, no?

Are we all tucked in short?