That's similar to going to pc blog and not hearing about windows. What's your point?
When price is in a range why do some people buy at the top? lol
- Thread starter propwarrior
- Start date
Point is, he is not and was not a trader, he's an ex-stockbroker who became a businessman. He didn't become rich and well known being a private retail trader trading his own money on financial derivatives while working a horrible full-time job out of some cr@p little local council's offices arguing all day with low-lifes for kn0b-head jumped up twit managers.
Sorry if my bitter experience makes me sound bitter.
I respect Warren Buffett for what he is but can't give him credit for what he is not.
)Or news for the dumbwits! ROFLMAO
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Regardless, how many billions do you have?
Interesting to see who is "buying at the top" . Definitely more buyers than sellers this morning.
On your post 8 you asked for arguments for buying high in a range:
As a potatoe chip money retail trader I will buy high in a range (i.e. above the midpoint) ON OCCASION if the prior buying/selling pressures within the range give pretty good clues that a BO is probally coming next. The risk is, it may not come, or it may, then end up being a failed BO. However, in such a senario sometimes the technique works and by entering early one gets a better position.
But, it is usually better to buy in the lower quadrant of a range and sell somewhere above midpoint. Sell in the upper quadrant and cover somewhere in the lower half. However, the range has to be big enough for at least a min scalp which in the ES (which for me) is 1 point. I prefer trading ranges on 5 min chart that have the potential of rendering 2 or more points. Tight ranges, best to sit out imo
As a potatoe chip money retail trader I will buy high in a range (i.e. above the midpoint) ON OCCASION if the prior buying/selling pressures within the range give pretty good clues that a BO is probally coming next. The risk is, it may not come, or it may, then end up being a failed BO. However, in such a senario sometimes the technique works and by entering early one gets a better position.
But, it is usually better to buy in the lower quadrant of a range and sell somewhere above midpoint. Sell in the upper quadrant and cover somewhere in the lower half. However, the range has to be big enough for at least a min scalp which in the ES (which for me) is 1 point. I prefer trading ranges on 5 min chart that have the potential of rendering 2 or more points. Tight ranges, best to sit out imo
Well now sailor boy what market you talking about? I am sure there is a reasonable explanation for the so called screwing.
In order to profit, price must trend. Always play as if there will be continuation. This is an integral part of Prudent Risk Management.If price has been in a range for sometime why do some people insist on buying when the price is well above the average price of that range? It's just a really dumb thing to do. When these people go shopping do they actively seek out overpriced items to buy and ignore the cheaply priced items.
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