In low volatility times such as this (although is very possible for the VIX to drop to 10), it's probably best to buy otm puts with at least 3...
At the risk of sounding like a complete idiot, isn't the futures index price driven by the spot index (i.e. Dow/S&P/NASDAQ). Also, the spot index...
Is there a way to backtest with virtually no coding skills? Walt
It's day's like today when one can easily fall in love with "smooth" crude... what a trend to ride...
If you really want a "wild ride" try gbp (6b)... it's not for the faint of heart, like me...
this price action is like "watching paint dry"... ooh the misery of low volume & low volatility :(
with the euro dropping, it seems that the CL may follow...
On low volume/volatility days like today, I guess that the compulsive gambler, ur trader, will fade the touch of the 20 ema for small scalps......
Given the market's low volatility, coupled with (even due to) the holiday season, managing lower targets with shorter b/e trigger points may be...
If today's price action doesn't turn me into a full fledged trend trader, then I'm completely hopeless...
Hi NoDoji, Would you mind posting your trade journal? thanks, Walter
on the next long bar close will be an opportunity to enter long on the pullback... (I think)...
Needless to say, the problem with waiting on the pullback, it the fact that the market could trend strongly before a pullback opportunity presents...
perhaps the market overreacted... BUT - I would go long on the pullback, instead of fading these high levels...
I used to wonder if I needed medication to trade... I no longer have that lingering question... I totally missed the breakout move!!!!!...
L - .85, stop - .75, trgt - .00
It appears that CL is in a tight channel right now... at the break of the upper or lower range seems like a good point to jump in for a trend...
Hi Nodoji, btw... do you have any more openings in your tutorial/mentoring institute? I'm even willing to consider Indentured Servantry (i.e....
sim: short .60, stop @ .75
Oh well... the best laid plans of mice & men... maybe next time...
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