I prefer to remain paranoid about revealing exact rules for entry/exit in illiquid markets though... simple glance at DOM shows there is just not enough space for everyone...
Is day trading worth it?
- Thread starter Laissez Faire
- Start date
I prefer to remain paranoid about revealing exact rules for entry/exit in illiquid markets though... simple glance at DOM shows there is just not enough space for everyone...
EDIT - I'll leave it to the experts as I'm in a trade now...
Well, I don't trade illiquid markets. Tried that back in the 90s. No thanks.
1002 And we're back in the range. The fact that traders are behaving this way suggests that this is a particularly important level which if true confirms what I posted before the open.
The midpoint of this "OR" is 59. If price can't get there or chokes there, this suggests weakness.
1006 If one were desperate to trade, he could enter at 50.25. I don't enter within TRs
No CL, GC for you?
No. I understand the NQ better, and I like the way it moves. Not today of course but most of the time.
I suppose I should point out that I'm doing this bec of the fabrications posted by dp and his posse. I'm just as bored as everyone else is.
1011 If one wanted to enter inside the TR, the short would be triggered at 52.75.
1012 If one had taken the short, it would now be confirmed by dropping below the last swing low. From this point, it's all management.
I see. In NQ liquidity issue is obviously less important.
Of course. How are you going to trade any size if there's no liquidity? You can't retire trading one contract.
1016 Notice that we never got to 59, much less past it.
1018 Sellers having a little trouble finding buyers to take the ask
1020 A little recoil here. If price returns to the entry, the trade will be scratched.
1025 And out. And back in the range.
I see, you quickly edited out your entry. You said, you went short at 51; where was your stop, and target?
Schaefer