Investors Gone Only Traders In this Market

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flipflopper

Wild action. Seems like people are just flipping this thing back and forth. I hope this continues for a long time. Much easier to read then normal market conditions.
 
i agree, its all traders so many fake patterns setup then busted. Been happening for awhile so used to it (ie shooting star than it gets taken out 2-3 bars later)
 
Quote from Bearbelly:

You think 3 million ES contracts Thursday and Friday were daytraders?
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Sorry. I was posting in real time. I'm referring to today. Thursday and Friday was institutional dumping. Today is pure trading.
 
Quote from empee:

i agree, its all traders so many fake patterns setup then busted. Been happening for awhile so used to it (ie shooting star than it gets taken out 2-3 bars later)
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Bingo... they just hit me on another failed shooting star. I'm getting stopped out a bit too much today.
 
I made money trading last week with SNCR.

This week with prices this low, I am buying for investment. Long Lulu, waiting for MA to take a dive. Those are for longterm. When the market bounces back, will get in a few short term trades.
 
Quote from flipflopper:

Bingo... they just hit me on another failed shooting star. I'm getting stopped out a bit too much today.
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Have you ever made a trade where you didn't get stopped out?
 
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