Market's had a hell of a run up. Overdue for a pullback. We'll see what happens. Nice calls V and ammo. And me too I guess in referring to the consumer confidence number. Maybe not big time yet. But a nice little pullback none the less.
Guess this observation from last night was more accurate then the selloff one today. It's been so bullish lately.
there was a plug pulled in the euro talks somewhere,guessing,we busted up out of the triangle and dropped to the other tl,something is coming out in the next hour,day who knows
Today's just been weird for me. Not in sync much the last bit. Keep backing off trades the last couple of hours. Made some money earlier. If I don't have a strong sense where it's headed I just back off. And needless to say if I do have a "strong sense" I monitor the trade to see if I'm just wrong. We'll see what happens.
I trade the 5-min chart with 1-min for cross-reference, max stop is .20 unless my entry is slipped, then it may be a few ticks more. My average stop is usually smaller, maybe 15 ticks or so.