Todays price action - GET USE TO IT

[mazaltov]

Go long here mofos. In at 1701.50 (stop at 1701.75).

That's what its about controlling risk.

 

[MandelbrotSet]

Quote from mazaltov:

Go long here mofos. In at 1701.50 (stop at 1701.75).

That's what its about controlling risk.

LMAO ... another ET Classic.

 

[mazaltov]

What's so funny I got stopped for +1 tick and now i'm on the sidelines.

Entry was as good as it gets 0 heat. Can't beat that.

 

[Joab]

Quote from ProfLogic:

Sorry, didn't mean to sound, snide and teacheresk. :eek:

Ok, increase the speed of your charts to give you more oscillations. More oscillations mean more trading decisions. More decisions mean more profit potential. The only problem with that is the faster the charts the more noise is integrated into the charts. More oscillations does mean you need to be more conservative.

During the Summer we increase the speed of our charts and it more than compensates for the lower liquidity. I agree with the other posters though that today is a bit more reserve but still more than tradable and readable.

No offense takin

Not a bad idea but I'm not broken only bored



Anek,

Chill brother ... it's all good

 

[mazaltov]

Here ya go. Now go over the time and sales.

 

[ProfLogic]

Quote from Joab:

No offense takin

Not a bad idea but I'm not broken only bored

Speeding those charts up will definately ward off the boredom.

 

[MandelbrotSet]

Quote from mazaltov:

Here ya go. Now go over the time and sales.

Dude, your charts are kinda freaky look'in, but I trust ya!

 

[ggoyal]

here we go. u happy now. if u didn't get atleast 10 points from that giant move, i dont know what to say

 

[Joab]

Well it turned out to be an ok day (to my surprise) but I did still find price action fairly anemic albeit directional.

 

[Nofear777]

Quote from saliva:

You're missing the point. This volatility is due to lack of liquidity, which is the direct result from this latest ban on shortselling.

Bingo.. The volume is drying up very quickly.. As a trader, you do NOT want this.

Even on friday I sensed a complete drop in volume late morning till about 3:00.

Yesterday the volume was pathetic for what it SHOULD be on a day like that..