yes
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YM Traders
- Thread starter volente_00
- Start date
yes
4
stops are not mechanical........range from 5 to 10........I think 10 could be the default stop...... buy low and sell high for stops to work properly or set 20 as volente does counter trend trading, but that is not my preference.......... I hope all succeed.....stops are not piece of cake, expecially to trail...........multiple contracts make it easier to milk the market..........sometimes getting even the squeal out of a run....many ways to do that with multiple contracts.................
Nothing has changed, Just protecting myself in front of payroll report, everyone thinks it is going to show gains, when it just may show the true reflection from the natural disasters maybe even negative job creation. But due to other factors the market will find a reason to rally no matter what, just that time of year.
I am tired of posting here and find it rather unprofessional.
One last thing, this weekly chart tells the real story. The markets are stuck in a range. We are near the upper end of that range thats about it folks. Looking for a breakout or breakdown until then buy support sell resistance in this market.
Ciao!
Ciao!
I think it goes more like this
Be careful who you insult on the way up, because you will take your money on the way back down!
Your interpretation is distorted. I am just getting distracted and not trading at my best when I am busy trying to post here.
Rikshaw, I'm not saying that you're wrong in your prediction about the market going up to bring some fat x-mas turkeys to the traders on the floor. What I am saying is that it is a prediction and not a holy truth. By saying "the market will rally no matter what coz it's that time a year" and the next post add that it's range bound and that you should sell resistance since we're near the top, you contradict yourself.
If you were 100% (or even 75%) positive that the market would go up you would not put a stop on 480 but a limit order to buy down there.
Maybe it's semantics but to me there's a difference between:
1. "The market will definitely..." and
2. "I predict that the market will because..."
Only my two cents and I have no clue what so ever where the market will go today, that's a fact
/Harre
If you were 100% (or even 75%) positive that the market would go up you would not put a stop on 480 but a limit order to buy down there.
Maybe it's semantics but to me there's a difference between:
1. "The market will definitely..." and
2. "I predict that the market will because..."
Only my two cents and I have no clue what so ever where the market will go today, that's a fact
/Harre