Bigger timeframes, bigger stops, less frequency.
Ya I get it, but the most volatile, stocks, are not 24hr.
Op, For daytraders, yes.
Im not a permabull, but 2013 has left me no choice Ammo.
so why you kept shorting?
I like your position management, but arent you running out of excuses now for the downside?
Santa Claus has always been a bear killer in disguise :D
And the phenomenon has been going on for many many years as well, truly amazing. I think its because they trade what they think, not what they see.
Now you tell us....
Oanda allows super piker sizing, which somewhat eliminates fear in trading, could be the reason
You might find this informative.
There will be more trading days in the future though :)
Or we hold all speculation and wait until clear signals develop during and past the annoncement and trade it accordingly :)
I use advanced techniques to read price, collection of techniques from various expert traders, many of them I cannot disclose as requested by them...
Ya long red body at the lows (signalling the selloff) then harami plots and you get your confirmation up, at least on that time-frame.
Bars that snap, long tails, wicks. Hammers, inverse hammers, long legged dojis, things of that nature.
That was your mistake. Most of the bar tails created in charts happen like this.
Dbphoenix, Have you ever studied oscillator divergence?
Multi timeframe studies suggest green Monday high probability.
Secret to reading price is not technical indicators but ability to comprehend multi time frame reads.
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