Dow 2008

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Just floating an idea
Why not stay in a trade until one would take the reverse trade and then take it. Therefore one is always in the market and have no exits just reversals.
Anyone think that this might work?
 
according to my fib targets 660 seems to be a good place for longs to scale out on this ride up.
 
firewalker99 said:
long again 12575 fut, stop 55,
last trade...
Click to expand...



i can see why your long, both my macci 10 min and hourly are still very much oversold....................hope it does go up so i can get a better entry for me shorts,


just doing some reading found this quote for today

'Costa said the Dow may have been down 150 to 170 points today, but IBM's results will likely provide some support'.
 
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anybody know where one can find free statistics, like the number of up- or downdays in any given period?
 
jayjay121 said:
i can see why your long, both my macci 10 min and hourly are still very much oversold....................hope it does go up so i can get a better entry for me shorts,


just doing some reading found this quote for today

'Costa said the Dow may have been down 150 to 170 points today, but IBM's results will likely provide some support'.
Click to expand...

I'm sure that anybody who is looking for affirmation of higher prices can find some positive news. As can anyone who needs a reason for lower prices find some negative news. There's always a bit of both. What analysts do, is present the news in such a way so that the public believes the news is the cause of the rise/drop.
 
firewalker99 said:
I'm sure that anybody who is looking for affirmation of higher prices can find some positive news. As can anyone who needs a reason for lower prices find some negative news. There's always a bit of both. What analysts do, is present the news in such a way so that the public believes the news is the cause of the rise/drop.
Click to expand...



im learning and taking note...................
 
It does work..............

Pat494 said:
Just floating an idea
Why not stay in a trade until one would take the reverse trade and then take it. Therefore one is always in the market and have no exits just reversals.
Anyone think that this might work?
Click to expand...

Yeah I've tried this a few times especially where the long or short is WELL in profit ...
and about to hit sppt/rez......... I come and go with it though ... more me than the approach...
 
Hook Shot said:
Oscar is saying up day and buy in the low 1360's on sp futs to sell in the mid to hi 1380's or higher... or at close. He has said nothing about pre-market dips.
Click to expand...

I'm with him on this... if he's right then I am too and we'll see 12700 before the close :)
 
Hook Shot said:
Yeah I've tried this a few times especially where the long or short is WELL in profit ...
and about to hit sppt/rez......... I come and go with it though ... more me than the approach...
Click to expand...

have you seen tkimbles system on forex factory?............he had a always in the market system that looked pretty good.
 
Thanks jj will check it out

FW ......... I kindov miss your signature about prediction and knowledge and other stuff :LOL:
only just realised it's gawwn!

Oscar.... not sure he expected a market action quite like this (sort of aimless) - but I'm just guessing.......

12700 ...FW does that mean you bought the equivalent of 570cash and will HOLD it for up to 130pts providing stop not triggered ?
 
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