FORUMS BROKERS SOFTWARE
Home
 
    Forums > Trading for a Living > Journals > Catching Tails

Old Aug 13th, 2012, 10:19 AM   #133
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,953
sold @ 20.99

Frustrating market.
    Quote
Old Aug 13th, 2012, 01:35 PM   #134
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
if your fighting the tape.. stop trading until your head clears a little.. or continully reduce your position size till your head clears..
    Quote
Old Aug 13th, 2012, 01:37 PM   #135
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,953
You got that right.

I'm actually fighting the range.

Looking for trendz in this market is like trying to fly a kite with no wind.

You can run and run, and get it in the air....... until the string goes limp.

    Quote
Old Aug 13th, 2012, 01:42 PM   #136
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
i've always thought its easier to scalp in the middle of a sharp move.. you would have to sit there all day with your hands on the keyboard though haha.. and that would probably lead you to over trading...
the one thing i've thought made the most sense related to trend trading is.. in some time frame you have a reversal... so say if your day trading.. you'd be looking at the monthly trend.. weekly trend.. the day , the hour and the 5 min trend... you'd be picking a reversal in a very small time frame on the larger trend... you do that or no?
    Quote
Old Aug 13th, 2012, 02:11 PM   #137
Wide Tailz
 
 
Join Date: Sep 2011
Location: California
Posts: 1,953
That's basically the idea.

The third wave breakout is the first pullback in a new trend.

It's based on the assumption that every trend has at least 2 impulses.
    Quote
Old Aug 13th, 2012, 02:20 PM   #138
cdcaveman
 
 
Join Date: Aug 2011
Location: Florida
Posts: 4,014
i get it.. i've read all the elliot stuff.. you can risk reward a little better with options for those impulses in a better risk/reward deal..
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider