Registered: Sep 2011
Posts: 1515

sold @ 20.99

Frustrating market.

Registered: Aug 2011
Posts: 3513

if your fighting the tape.. stop trading until your head clears a little.. or continully reduce your position size till your head clears..

Registered: Sep 2011
Posts: 1515

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.

Registered: Aug 2011
Posts: 3513

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?

Registered: Sep 2011
Posts: 1515

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.

Registered: Aug 2011
Posts: 3513

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..

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