Difficult day ?

Discussion in 'Trading' started by Joab, Aug 10, 2006.

Difficult ?

  1. Yes

    36 vote(s)
  2. No

    12 vote(s)
  3. About the same as every day

    26 vote(s)
  1. romik


    ride part of the wave and you should be OK
    #21     Aug 10, 2006
  2. hindisight is 20/20 I guess :confused:

    Also, I changed my strategy today trading the ER2 and got smoked.

    Of course I started the day out down $1500 in the Euro and made it all back by 10:30am only to take a huge hit on the ER2.

    I need a damn shower. Anyways, I'm gonna step out of here for a bit to cool my head. :mad:
    #22     Aug 10, 2006
  3. Today's emini trading:

    #1: Markets were short-term oversold at Wednesday's close.

    #2: Overnight news of thwarted terrorism dropped ES & ER futures -6pts before the pit-session open. Prior terrorist threat sell-offs have been reversed upward for the past couple of years.

    #3: Price action sold down to S1 value and kept posting higher highs from there.

    #4: Bull flags all the way up, as fade traders kept shorting into every higher-low bounce.

    #5: Untouched pivot point with price action well below at the early lows... pivot points have 70+% probability of being "brushed" (within 0.5pt) in the pit-traded session.

    #6: Both ES and ER traded up thru numerous layers of intraday resistance, offering a number of potential long trade signals.

    #7: Price action hit the pivot targets and pinned there... just like they do so often on reversal days like this.


    Long ES 1268 or higher, walk away and let it seek the pivot magnet. Long ER 679 or higher and let it ride toward 688

    The absolute toughest part about today was trusting the charts. They told us to play the upside after initial drop... it is darn hard to believe them sometimes :>)

    Hope this helps
    #23     Aug 10, 2006
  4. i wonder what makes today so different for a number of people here..the poll is clearly lop-sided..what's so special about today? Maybe its an inherent flaw in the poll, ie mostly people who had a bad day would vote or post..
    #24     Aug 10, 2006
  5. Cheese


    Technically the trading day session in advance was biased to go up net. However my observations on today are very ordinary. Crude fell out of bed and its fall helped boost YM (& stock indices). Basically I trade without reference to crude but it can still pay to keep a running check on crude because as all can see it can move inversely to the stock index, in alignment with it or without much apparent effect on it.
    #25     Aug 10, 2006
  6. mkt has been shitty and choppy for how long...couple of months?

    many nice gaps trendin' nicely today tho...asei was on fire, runnin' 16% from the open, same many gaps down, trendin' all day...prob is that i NEVER got a short fill on nyse gaps down...EVER, that pisses me off big time...wonder if any of u get easly filled on this shite...[?]
    #26     Aug 10, 2006
  7. 20% of the people had a good day. Out of that 20%, 15% of 20% had a good day because they lost less than a normal losing day. And 5% made money.

    God, a poll like this.. asking an indirect question could never lie about the true profitablity of ET membership.
    #27     Aug 10, 2006
  8. BCE


    Good Point :)

    Good Point :) This really did affect things today as soaring crude prices have really have been a drag on the market.

    Nice post :)

    Personally I lost $40 today by not following my own intention and not trading the action and the charts and thinking too much. :)
    Oh, well. No big deal and a good reminder. It was a little screwy at times but much more predictable at others, which is always the case. I try to trade those times which are more predictable. Like today's open.
    #28     Aug 10, 2006
  9. Joab


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    #29     Aug 10, 2006
  10. for an input specific to this thread i had a rough day,, grind grind grind,, lost 600, all in fees,, lol,, 2nd down day in a couple months... longed xom scalping all day like an addiction,, didnt work out so well, ,haha. but good luck to all tommorrow. oya,, a question,, ive only been in the game 6 months,, and im verrryyy curious as to what the volume in the nyse/nasdaq is in different months of the year,, does it double in the winter??? is there a trend for the months?????? thanks,
    #30     Aug 10, 2006