How Not to Blow Up Daytrading Index Futures

Quote from volente_00:

9, 18 day ma crossover does wonders to keep you on the right side on a trend day.
More...

I thought everyone knew that? ;) :cool:

As for fading trends. You can do it, however you need to play the 40/60 rule (odds are probably even worse). Expect big gains 40% of the time and take small losses 60% of the time. Not easy for anyone to do. HOWEVER, there are "good" situations for counter-trending and "bad" situtations. New 52-week highs = no. However new highs after new lows = yes.

You can really play this game using various methods. However, you MUST mathmatically adjust your trading to the expected outcome.
 
Quote from smilingsynic:



5. If the market breezes through S2 or R2 levels early in the day, as if they didn't exist, they probably didn't.
More...

S2 breached a little after 11.

Yes, I'd call this a TREND day. :-)
 
Quote from athlonmank8:

I thought everyone knew that? ;) :cool:

As for fading trends. You can do it, however you need to play the 40/60 rule (odds are probably even worse). Expect big gains 40% of the time and take small losses 60% of the time. Not easy for anyone to do. HOWEVER, there are "good" situations for counter-trending and "bad" situtations. New 52-week highs = no. However new highs after new lows = yes.

You can really play this game using various methods. However, you MUST mathmatically adjust your trading to the expected outcome.
More...
okay...what set-up do you use to decide if the 9,18 crossover will lead to a true trend or a choppy/whipsaw "your done" trade?...please explain more...
 
You must log in or register to reply here.
Back
Top