No sense in holding over night I'll take the money and run at 72.70
CL Redux
- Thread starter schizo
- Start date
No sense in holding over night I'll take the money and run at 72.70
Yes. Psychology itself isn't quantifiable but you can use it to get measured results. I can't explain it because it would simply take too much time which I don't have but Ill quote some examples as we go on. Nowadays I am working on a strategy in which intraday psychology plays an important part. The result is attached for 3 different accounts. All are exits of long positions initiated earlier in the day. You can see the tick perfect result as market high is 7355 for today .
I am not saying that by incorporating psychology you will get tick perfect results but your accuracy in determining range would improve drastically
Folks, everyone is entitled to their own opinions so let's keep this thread civil.
Frankly, I have no idea how you derived at 73.55 purely from a psychological standpoint nor have you divulged much in your post that I could use to connect the dots. But that's not to say that market psychology should be relegated as useless. By all means, it's important. But I'm of the belief that market psychology is a lagging indicator where it typically trails behind prices. In other words, it's already priced in.
Frankly, I have no idea how you derived at 73.55 purely from a psychological standpoint nor have you divulged much in your post that I could use to connect the dots. But that's not to say that market psychology should be relegated as useless. By all means, it's important. But I'm of the belief that market psychology is a lagging indicator where it typically trails behind prices. In other words, it's already priced in.
I am trying hard to understand how psychology told you that 7355 was going to be the days high. Please enlighten me.
Thanks in advance.
It Looked to me that 7355 was hit today just from an attempt to run stops. Unless you are saying that an attempt to run stops is psychology
72.55 was the 100 day ma for the dec contract. I hate expiration time. The Feb contract bounced hardcore off the 200 day but jan didn't reach it. I never really pay that much attention to further out months but I have been lately and it just confuses me. I'm still looking for 67 on the jan but I must wait for the pa to tell that it's going there.
Ok - makes ¢. I would never have seen that as I don't use MA's at all.
Short just got filled at 73.85 using a tight stop because I'm kinda guessing
Moved stop to b/e don't want to waste a sweet fill on a loser