ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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i believe he wasn't trying to make a direct comparison. When swimming, would you swim against the flow hoping the flow will reverse? probably not. When trading if you take a position against the trend, it's quite risky to assume that market will reverse, unless your signals tell you that it's actually happening.
Yes it can tell me with a high accuracy that the trend will continue.
He warns me when the situation becomes dangerous.
So it's like hearing the Niagara Falls 5 miles before you reach them. Time to get out of the water.
After all that's the only usefull indicator: one that warns in advance for danger.
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romik;
1st] This is not a prediction, but animals do act very strange, before an earthquake, wasn't an eyewitness, but believe it happened in that earthquake in Tennessee;
where the Mississippi river backed up/flowed backwards.
2] People with market maker/specialist personality can & should trade more frequently than me;
so tend to stay out of opening -earthquake/first minute moves.
3.3]So as long as you have you stop planned,
we don't call trends predictions, thats wisdom,
or expect river to flow back normally.
4]Counter Trends & trends are about probabilities;
like the probabilities of entering underlying stock last hour for position/swingtrade ,
hardly ever enter a short term trade last half hour.[2 ;30 chicago time]
Last half hour derivative entry may or likely may not be enough ''flow'' for me [that pattern could possibly change];
maybe enough flow to exit @ end of day.
Not a prediction, simply some probabilitys.
Gotta watch them T days, Usually if the market closes strong or closes weak, it will carry into at least the first 30 min- 1 hr of the following day unless some news occurs. There are times when this does not happen, but the odds are not in our favor to try to figure out when.
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