So hard to trade this. Tried to get a long in there, hit my stop and now is a good 30 ticks higher. LOL.
Wow. terrific math today. 11090
I mean 10990
Would you equate that on the YM to around 10900?
Trying to guess market reaction after the a Fed decision is a great way to lose money. Everybody and their brother has priced in a 25 basis point...
IMHO, that was a lot of short covering that sent the futures higher pre-market. Just be sure that you don't have an open position before the...
That excerpt from The Disciplined Trader makes a lot of sense. While there may be good trades within the S/R levels on any given day, the higher...
Thanks for putting all this together, 4re. I read through it tonite and like what I see so far. Hopefully I'll find some time soon to backtest...
Frosty, Glad to see that you're putting together a system with clear cut entries. May I suggest that you look at longer term tick charts,...
Maybe I don't keep up with this stuff as much as I ought to and it has been a while since my last Econ class, but I think that the effect of...
Relatively easy to slow the economy by restricting liquidity. Not so easy to go the other way. Just because the Fed increases liquidity doesn't...
Yes, do have B Bands but have mine on a diff setting than yours.
The stop of 10989 was hit at 10:54 with the market making its low at 10970.
I think you're allowed to go short again. Here might be a nice spot. Just under 10980 on the YM.
OK, at 10:23 we got a break of 10980 and a short opportunity at 979. Give it a 10 point stop to 989 and look for 952 to cover.
The spelling and grammar Nazi in me can't contain himself. Frosty, a non-winning trade is a losing trade with one 'o' and not loosing. Loose is...
4re, Thanks for the YM numbers. Not sure how much I'll be able to trade today but I can always replay the tick file later.
Frosty, I agree with Arthropod that we probably won't see much more today. If I were you, I'd turn off the bot and book those gains.
Well we got down to 015 thanks in part to back to back sell programs and have now bounced up to 035. While I'm not exactly looking for longs...
As far as S/R goes, I could see the YM moving back up to 11040-11045 before continuing down further to the 11015-11020 area.
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