I would appreciate it if you can somehow chart your performance or post all of your trades in an orderly spreadsheet so some of us can lean from it better.
--MIKE
Why because I think this bounce can go up more and make another good shorting opp.?
The market was oversold and ripe for another low volume bounce like we are having today.
Yes I am a trader.. do you think I would be heavily shorting the DOW after its down like 5 days in a row? I would be...
I think the market can have some more legs into this rally.. notice volume has been really poor. Waggie nice call on picking the bottom... although I think it was mostly luck.
Porbably tomorrow I willl look to start shorting again.
Dude... its nice to know u can manifest your ego on these boards. No one really gives a shit how much money u make on each trade. What benefit does it have for other traders. If u want to brag about how much $ u make why not post us a snapshot of your P&L... otherwise u really become irritating...
The cable has been much more tradable than the EUR lately. The EUR is becoming pretty erratic.
Its bouncing up and down with so many spikes. Am I the only one having difficulty assesing where she wants to go.
The cable tightened up on the 60min chart then she broke down like a beauty...
I have esignal and I am a newbie forex trader. I was curious as to what the symbols are to get gold 24 hours a day. I know it trades in NY during the day.. and the symbol is GC #f. But what is the symbol for spot gold 24hours a day.?
thanks,
--MIKE
Waggs.. only time will tell how things pan out.
We might be due for a little rally here markets are oversold... but I will be shorting this rally yet again.
The leaders of this rally are financials and homebuilders which are pure interest rate plays.
Therefore any increase in rates will stem the bull market. You are missing the point that this rally we had was purely based on the fact that rates were low... it was a consumer debt driven...
Lets get real over hear... they tend to revert to the mean after the fact. In real time trading that is very dangerous type trading.
In my history of trading I can remember countless times when the news moved the markets so much it screwed up intraday charts and the market never reverted back...
Good observations. I agree with you about the Bin Laden rally... and I know it will cause the market do have a decent rally.. I will definately be scaling short into that rally. Will be interesting to see how it will effect the market..
I dont think there is so much negative sentiment. Most...
Are you guys nuts? News doesnt effect the markets?
Lets say the market is forming your super bullish pattern that your guru systems and patten recognition simulations are picking up... Then u get the trigger and go fully long... Market starts to tick up higher.. then oops terrorists...
What are u talking about? U didnt see that spike down then up??
Take a look at a 5min chart of the ES and u will see that volatility. Dow dropped 50 points in a matter of seconds... It even showed up slightly in currency action.
My point is that the market is nervous.
--MIKE
I live in NYC and I speak to a few hedge fund players... also if u look at volume dsitribution patterns like OBV, Oneil follow through days.. u will see the markets especially the nasdaq is very poor.