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Xmas Rally Has Finished.
- Thread starter GrandSupercycle
- Start date
Quote from bwolinsky:
Lower high right now. Sell or go short, and if you're not aggressive enough to go short then you should definitely sell here.
I put these up in real time on my facebook page.
Bhardy, of course I'm not watching 5 minute bars or any timed interval because there is no linear relationship between price and time, which leads to runs tests concluding improbable efficiency because of the lack of uniformity in data.
I'm adding to my short hoping for covering before 8 pm.
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Quote from bwolinsky:
I put these up in real time on my facebook page.
Bhardy, of course I'm not watching 5 minute bars or any timed interval because there is no linear relationship between price and time, which leads to runs tests concluding improbable efficiency because of the lack of uniformity in data.
I'm adding to my short hoping for covering before 8 pm.
My 16807 is thrice as good as the 2401, covering on the open yesterday, and shorting at 2331.50 today, still letting these roll.
Attachments
Quote from bwolinsky:
Lower high right now. Sell or go short, and if you're not aggressive enough to go short then you should definitely sell here.
And, where did we end? Exactly 1 point below NQ's high of 2344.75 at today's 2343.75. That is a lower high, and I'm sorry if you guys can't recognize these oscillations because you're not using anything close to what I've got.
Quote from bwolinsky:
I put these up in real time on my facebook page.
Bhardy, of course I'm not watching 5 minute bars or any timed interval because there is no linear relationship between price and time, which leads to runs tests concluding improbable efficiency because of the lack of uniformity in data.
I'm adding to my short hoping for covering before 8 pm.
Your call was absolutely correct, and as I said many posts ago I decided to jump in on my first short at 12165. Actually, I jumped in and out about 15 times and collected about 312 pips on the us30 (DOW) CFD I was trading until I lost 62 on the last trade.
I'm sitting this out tonight and will get back in tomorrow after the DOW opens officially. I have been burned too many times
leaving myself in a position overnight.
BTW, the us30 I am trading matches the DOW dollar for dollar.
Quote from bhardy307:
Your call was absolutely correct, and as I said many posts ago I decided to jump in on my first short at 12165. Actually, I jumped in and out about 15 times and collected about 312 pips on the us30 (DOW) CFD I was trading until I lost 62 on the last trade.
I'm sitting this out tonight and will get back in tomorrow after the DOW opens officially. I have been burned too many times leaving myself in a position overnight.
I did tell you, Bhardy, not to manage your own money.
Paying 0.1% for CFD's on every trade is madness, and even worse is that YM is just as good for scale.
Please stop trading those gimicky products and get into YM. It's much cheaper and you're overtrading is a drag by itself.
Quote from bwolinsky:
I did tell you, Bhardy, not to manage your own money.
Paying 0.1% for CFD's on every trade is madness, and even worse is that YM is just as good for scale.
Please stop trading.
.1%??? I pay a spread of 4$ on a CFD worth 12050$. That is .033%.
Sorry, trading with small amounts for fun. I am trying to learn. I am doing just fine thanks.
Drag or not, for the small amounts I am trading it is a great way to learn.
You do realize, don't you, that you pay for the leaverage? This leaverage, although a double edged sword, is what makes it profitable for me. Quite profitable. I'm averaging about $90/day on $4000 of equity. I realize that this is peanuts, however it is a damn good start for a person who is relatively new at this without a lot of money I am willing to play with.
Quote from bwolinsky:
I did tell you, Bhardy, not to manage your own money.
Paying 0.1% for CFD's on every trade is madness, and even worse is that YM is just as good for scale.
Please stop trading those gimicky products and get into YM. It's much cheaper and you're overtrading is a drag by itself.
Hey Stay-Puft, you've posted 5x in 12 minutes. Take an adderall and put a plastic bag over your head.