You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
- Not open for further replies.
Quote from David M:
How you suggest the market is overbought , I mean basically how does a trader comes to that conclusion? Indicators?
u like that eh? almost 7 yrs of daytrading the es, i dont really need any indicators. its obvious the market is overbought from the start. I used a little of price action and among other things
Quote from emg:
u like that eh? almost 7 yrs of daytrading the es, i dont really need any indicators. its obvious the market is overbought from the start. I used a little of price action and among other things
I just was wondering to see how you determine such a condition, I personally don't believe in any over bougt/sold condition but than again I did not try it all yet, and I was just curious by what u determined the short position you did.
Quote from David M:
I just was wondering to see how you determine such a condition, I personally don't believe in any over bougt/sold condition but than again I did not try it all yet, and I was just curious by what u determined the short position you did.
I trade by the hours. I dont trade between 920am ET - 11am ET. market gets too volitile. this is the hours where small traders (less than $40K account) flip coins whether to go long or short and looking for quick profit. During extreme volitile hrs, none of the indicators work. because this is where large account traders or Institutional traders that lead to wiping out small traders. sorry for my bad grammers.
Quote from emg:
I trade by the hours. I dont trade between 920am ET - 11am ET. market gets too volitile. this is the hours where small traders (less than $40K account) flip coins whether to go long or short and looking for quick profit. During extreme volitile hrs, none of the indicators work. because this is where large account traders or Institutional traders that lead to wiping out small traders. sorry for my bad grammers.
But u took a trade before 920ET today to the long side, dident you?
- Status
- Not open for further replies.