Coyote Ugly

[Samson77]

Talk about an untradeable mess!

What's it going to take to get the Indexes out of this enviroment?

 

[K.C.]

Quote from Samson77:

Talk about an untradeable mess!

What's it going to take to get the Indexes out of this enviroment?

Greenscam retiring.

 

[easyrider]

There were three pretty decent trades today, imo. That test of the top turned into a pretty nice run. Im actually starting to like this range. Just have to shoot for fewer points.

 

[risktaker]

I think a lot of hedge funds need to bleed/die of a million cuts and maybe people will ask for their money back. That might lead to less of this garbage.

 

[vulture]

Quote from K.C.:

Greenscam retiring.

Hopefully, we dont get Bullet Ben Bernanke afterwards

 

[vulture]

Quote from risktaker:

I think a lot of hedge funds need to bleed/die of a million cuts and maybe people will ask for their money back. That might lead to less of this garbage.

yeah, I agree. I also think the system is so flush with liquidity and costs/commissions are so negligible that the competition for each piece of the pie has just spiked exponentially.

 

[Samson77]

Quote from easyrider:

There were three pretty decent trades today, imo. That test of the top turned into a pretty nice run. Im actually starting to like this range. Just have to shoot for fewer points.

I agree it's just getting really tiring and boring to do all this work for 1/3 the paycheck.

 

[FuturesTrader71]

Quote from easyrider:

There were three pretty decent trades today, imo. That test of the top turned into a pretty nice run. Im actually starting to like this range. Just have to shoot for fewer points.

I agree. It was one of the best days since late April as far as momentum. The Ford announcement was great.

 

[LMeyers]

Quote from easyrider:

There were three pretty decent trades today, imo. That test of the top turned into a pretty nice run. Im actually starting to like this range. Just have to shoot for fewer points.

Hey Easy,

What kind of stops do you use for these smaller-target trades? Do you use much tighter stops or do you just set your stops outside the narrow 80 point range and let the market stop you out only if the range is broken? Thanks.

 

[easyrider]

Quote from LMeyers:

Hey Easy,

What kind of stops do you use for these smaller-target trades? Do you use much tighter stops or do you just set your stops outside the narrow 80 point range and let the market stop you out only if the range is broken? Thanks.

I have a bracket set up on Buttontrader with a 10 pt stop and a 20 pt target but neither gets hit very often. The market is so spikey that Im pretty much flying by the seat of my pants. Yesterday I had 10 trades and 7 of them were washes so you can see Im not hanging around long if it doesnt go my way. When it does go my way Im out at the first sign of support or resistence coming in.