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Volume is slowing down relative to what? The last few months? Or the last time there was a slow but steady rally (Aug 2010-Feb 2011)? I never understood people's volume analyses. With the exception of big down days usually having big volume spikes, it just appears to be a random...

All you guys who voted "before the end of next week," do you still think there's going to be a 5% drop before the close tomorrow?

Compared to what?

A 5% pullback after today's high is now SPY at $126.23.

Thanks :) Oddly enough, I have an idea of who is voting it down. Then again, thread rating doesn't really matter for anything anyway. 1/25: No trades.

Another fake down day :D

In to see a chart of this.

I am getting tired of all this upward movement without a pullback. I bet trend followers are loving it, though :D Except maybe for the ones who jump in right at the top :eek: Today was a fake pullback. A gap down but price continued up for most of the day. Here's a chart of your magic...

BUT THEY WANT TO MAKE SURE YOU DON'T MISS OUT ON THE BEST DEALS!!!11!1!!!!

Can one of you define "vig" for me?

1/24: No trades.

So what's a trader to do?

lol. Are you saying all charts, without the timeframe labeled, are indistinguishable from one another? Cuz I would agree with that.

Well, if it's false, then just set up a system to trade the way I explained and rake in the profitzzz. Wait, if you're saying there is no positive or negative expectancy, are you saying it's neutral expectancy? I'm saying based on extensive backtesting, all variations of MA crossover...

This is actually viable, it's just most people think about it wrong. Going long 2 and short 1 at the same time is equivalent to being long 1. Going long x shares/contracts and short y shares/contracts at different times with different objectives is, in the long run, not equivalent to being...

Trading MACD crossovers is a losing strategy in the longterm. Go long when the fast line crosses the slow line to the upside. Stop and reverse when the fast line crosses the slow line to the downside. So you are basically always in. If you happen to do this when there is a random big...

What makes 5 minute charts qualitatively different than 4:50 charts or 5:10 charts? The only advantage I can see with 5 minute charts is that they go evenly into the amount of time in the trading day, but same thing with 10 min, 30 min, etc.

gap down, but price is going up. I think the market makers were just trolling us this morning.

Let's see what happens this week. I've marked the level of a 5% pullback off of the recent high on this chart:

This is assuming you can tell ahead of time if price change will be "noise" or legitimate movement. Of course, if you can do that, you will be a millionaire very soon.