Disclaimer... Rock34748 is still new and slowly losing money. My posts stem from a need for accountability, part of my psychology training I guess. Anyway, if you haven't checked out Pekelo's ADU (All Day Up) thread you might consider it. You would understand where he is coming from with what he calls ADU's. After today it could be a good read/study. Good trading.
Price levels held great today. No trading as it is my B-day Will look to consider short tonight depending on how the market trades after 6pm EST tonigh.
Do you look at a chart like today and ever say "man why didn't I make money?" I almost kept my bearish bias in check. But didn't. I knew the error, but thought "I have to make something today." Two problems, top guessing and I knew my stop point (hard and fast because of capital preserv) was too tight for this volatility. One trade and stopped out. Anyway, good control on your part.
Not much action??? We should all be on our knees thanking the almighty trading Gods that we have this volatility ... 40 pts in RTH today, 80+ yesterday. Regarding volume - I don't watch it much, but this is a Jewish holiday week, if that helps you.
does anyone know why the news keep saying the vote is on thursday? I thought today is the jewish holiday and tomorrow (wed) is when they will vote in the senate.
The key to my trading is patience. I stay within my rules and I squelch the tendency to chase. Thank you for the nice comments. I must point out that I only look for obvious signals, otherwise I don't trade. Note:trend has not yet turned upwards, so I cannot look long yet--I can only look short.
So B1S2, is 1201 (1204?) still the price point before you change your mind? People would like both analysis and trades. Or at least I do.
Yes. It is 1204 right now. The 1201 was on the last oscillation.--- Or, I need a longer term buy signal which I have not received yet.--- If I miss it, so what--
does anyone know why noone is factoring in wed (tomorrow) for any news announcement? also you guys are making this too complicated. mon: no bailout, market tanked tues: bailout looks very likely to get passed again, market rallied on expectation rest of this week: 1) bailout fails again: market gaps down once more 2) bailout passes and inline with expectation: market rallies back to 1200s 3) bailout passes and not what market wants: market sideway/falls a bit that's it. I will say it again all those resistence levels are useless THIS WEEK, how many resistence did we blow through today? how many support did we gap pass yesterday?