lurkerlurker
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Why chase the market? I'm still flat, and I can't see a good entry with good risk/reward in any direction. Oh well, I'm not trading until I see a good setup. The longer I look at this chart, the more I feel I am missing out. However, I won't trade on that basis.
I really need solid S/R, and a confirmed bounce before I even think about it.
I really need solid S/R, and a confirmed bounce before I even think about it.
lurkerlurker
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Anyone care to state their postions / net pips for the day?
firewalker99
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from where are you in? this should be your day Atilla
so far it hasn't been mine hehe...
anyway I'm looking to go long on 13500 futures ~ 13475 cash
this area should provide some support
volume might give clues
Edit: and just entered from 13500 ... now off to grab a bite
lurkerlurker
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Short 86, SL 96.
lurkerlurker
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Out 85, +1. (not letting a profit become a loss)
A little bit prem don't you think :cheesy: Only 2 d into slide but I really hope you're right
lurkerlurker
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Very narrow range here. Expecting a large breakout to one side or the other. I have a short bias at the moment. I don't see 500 being broken again today, maybe not even tested. Hovering just below 90 now. I think a trip to 60 in short order is quite likely.
firewalker99
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A little bit prem don't you think :cheesy: Only 2 d into slide but I really hope you're right
I think the only market from which you say it has topped with a relatively big degree of certainty is the Russell... just my 2c
lurkerlurker
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I just can't catch a goddamn break today. Was short from 87, moved stop to breakeven, stopped out. Looking for another short around 90.
Edit - to ambiguous to call at the moment. I'm looking for high probability entries only. My last two trades have been a breakeven and a +1.
Edit - to ambiguous to call at the moment. I'm looking for high probability entries only. My last two trades have been a breakeven and a +1.
firewalker99
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I know next to nothing about time cycles so excuse my ignorance, but isn't the 90 day measured from the lows?
firewalker99
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Only trying to help here lurker, but trading is 90% sitting on your hands and doing nothing. Thinking is not part of the game... the thinking part should be done BEFORE the market opens.
If you insist on thinking, do some reading or check the Puzzles thread
A little bit prem don't you think :cheesy: Only 2 d into slide but I really hope you're right
Hello sir.
Totally novice outburst from myself
I've been a closet bear for the past 2 weeks, but now i'm out i feel so liberated, new and totally reborn...
lurkerlurker
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Sold 500, SL 511.
lurkerlurker
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Only trying to help here lurker, but trading is 90% sitting on your hands and doing nothing. Thinking is not part of the game... the thinking part should be done BEFORE the market opens.
If you insist on thinking, do some reading or check the Puzzles thread
Perhaps I'd be better suited to scalping...against a 4 point spread
Yes, perhaps I am a little hyperactive!
Going to go take a break for a few minutes, and come back to find my buy stop at 11 has been hit. I am getting a little more disciplined with my panic exits. I've set a stop and a limit for this trade, so I should be able to let it run itself.
Looks like another stop out anyways.
firewalker99
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exited +30
