Anyone's guess how many he trades, could easily have scaled in over 100 contracts. Scaling in properly, works - especially on a trend day....
No problem! I think there have been some great responses, just sometimes the written word comes across a bit harsh is all. I think one of...
EminitraderDM, everyone has their own risk tolerance and risk management methods - you need to figure out what fits yours. A few weeks of sim...
Well, your first post makes no mention of your experience. The chart was filled with too much "noise" for me. Since you now have a few weeks...
I could be completely wrong, but I am guessing that since you are asking how much to start an account with, you will lose whatever you put in the...
Good book. A lot of folks forget that Candle patterns, including the Hammer, require the next complete bar for confirmation.........the obvious...
I think the market's been trading on fundamentals for at least the last few months. IMO, the market needs to see an improvement in...
I do not understand the $SPX vs putcall 20ma, but the trend is still down. We're still making lower lows and highs. Downtrend resistance needs...
Good post. I don't see any reason to get bullish yet either - down trend resistance needs to fail first.......seems to me like new lows are...
ha ha I got up this morning and it was already limit down - no position here. I don't know why the bids are sitting there - - must be nuts?
They are sitting at the bid below the limit down price - so no, that bid cannot hit.
Unless buyers come back before open, expect a nice gap down..........anyone's guess after that. Stops get tripped, margin calls means more...
http://www.youtube.com/watch?v=yL8GL5dvQAQ&NR=1
Yep, I share your view that you made a big mistake all right. Hopefully your broker lets you trade outside regular market hours. Otherwise,...
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=%24spx&time=8&freq=1 Goes back 10 days.
Criteria? Start with longer time frames to establish some key support and resistance levels......this might also help establish a real break out...
Well, so far, NQs stopped cold at Fridays high and ES not strong enough to make it to Friday's high - - the night is young tho. Steve
Watching ES to see if it'll fill the gap down to 891 or so before bed time. (Secretly hoping we zoom to the moon :-D) Steve
Yessir!!! I am always biased with the longer term trend - or at least I try to be........when we are at these levels, it is easy to be biased...
Black Monday or not, go with whatever the day, or your time frame brings..........or simply stay out. The way this market is swinging intraday...
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