Day Trading set-ups after 11 e.s.t.?

I'm 100% with Volente on this one......I'm a fader........

Once u fade, u need time for market to develop.......

Fading last half hour of the day is not enough time for me......

Love the 10-11 est hour......can be a fader's paradise......

Oftentimes, nothiing left to do after this hour......
 
I have no doubt that there are lots of opinions on ways to trade the market. Today was a trend day. So if you're a fader, you should stand aside.

Good traders adapt to the situation at hand. Poor traders cling to their hard headed ways.
 
Read the Logical Trader by Marc Fisher. Backtest it and compare getting out after X profit compared to holding and doing a Market On Close.

You'll see that the latter is much more profitable. So basically, you'd be in the thing all day.
 
Quote from lwlee:

I have no doubt that there are lots of opinions on ways to trade the market. Today was a trend day. So if you're a fader, you should stand aside.

Good traders adapt to the situation at hand. Poor traders cling to their hard headed ways.
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Good faders do adapt to the situation at hand.......

That's why they look to fade pullbacks on days like these.......
 
Yes, I hope you bought the pullbacks. And didn't try to fade the tops.

Quote from golablue:

Good faders do adapt to the situation at hand.......

That's why they look to fade pullbacks on days like these.......
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You mean former, right? Considering that the vast majority of trading days are non-trending, a fader mentality would be appropriate for most days. It's just those trending days where you're trying to catch a falling knife or a rising spear, that can have your hands bloodied.

Quote from FaderTrader:

Read the Logical Trader by Marc Fisher. Backtest it and compare getting out after X profit compared to holding and doing a Market On Close.

You'll see that the latter is much more profitable. So basically, you'd be in the thing all day.
More...
 
I really do not like trend days. I prefer extreme moves to fade intraday, hit it and quit it instead of watching all day long. One trade that often works after 11 is the lunch time fade. Say the market has sold off in the morning and then rises some from 11 to 12, often it is just people getting flat by closing their shorts before lunch.
 
That one is in my arsenal. Tricky one since you have to know its the final move or at least it's ready to turn.

Perfect example, I faded the 8:30 EUR/USD move just now. 110+ tick move sure seems like an extreme move. Wasn't too greedy, caught 10 ticks.

A tricky one, the SP500 move just now after the employment numbers, I wouldn't fade this because I don't think it's the end yet.

Another great fade, the 2.0 TRIN.

Quote from volente_00:

I prefer extreme moves to fade intraday, hit it and quit it instead of watching all day long.
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volente, quit following me around.........i say 15 ym trades yesterday.....guess how many were winners? bad day 1 failed....
 
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