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PitchBlack

Registered: Feb 2005
Posts: 1619

03-03-06 06:50 PM

For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.
Instead of trying to take a small and risky scalp, try to take a big chunk with less risk in the direction of the trend.

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ksonsinc

Registered: Aug 2005
Posts: 1163

03-03-06 06:51 PM

I agree with you lwlee
1300 is what the sp is looking at and trying to go ther
i think1300 would be a good place to short if it does not blow the 1300 level

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romik

Registered: Jan 2006
Posts: 4986

03-03-06 06:52 PM

Quote from ********:

For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.

right on Spike

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Skog

Registered: May 2004
Posts: 88

03-03-06 06:56 PM

Quote from ********:

For the last two hours the trend was clearly long.
Contrarian traders will be stopped out each time till the trend changes; but at that moment the contrarian will probably change direction too and continue to be stopped out.

Never fight the trend, unless you have suicidal intentions.

Indeed. I was just about to ask B1S2 why he keeps fighting the market.

Shorts, get stopped out, shorts again and the ES is still making higher highs.

What are you seeing that I dont see B1S2?

-Skog

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bronks

Registered: Aug 2001
Posts: 1765

03-03-06 07:00 PM

Quote from Skog:

Indeed. I was just about to ask B1S2 why he keeps fighting the market.

Shorts, get stopped out, shorts again and the ES is still making higher highs.

What are you seeing that I dont see B1S2?

-Skog

Can't say that I haven't done this before.

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ksonsinc

Registered: Aug 2005
Posts: 1163

03-03-06 07:01 PM

can i ask you guys do you,ll have any chatroom where pll can share different idea,s
I heard pll talk about paltalk mirc etc ( are they usefull ) - ?

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