gmst, my take, trading is simple some would agree. 'we' over-complicate. Early trading days: I watched every breadth/sentiment under the sun, tick, trin, prem, PCRATIO, pure market breadth as in #issues u/d, then u/d vol, all the indices, was the dow up 100 or down a 100 etc. The less I watch the better the chart-focus and no second-guessing when it comes time to pull the trigger. settled on NYSE Up - Down Volume, which if you don't have that stat you can just calc it. and chart it. my experience. maybe for others more is more
Thanks for sharing your perspective. I think I am going to add VIX to my toolset though - just for watching initially. PCRatio - It seems works much better to catch swing turns - like extreme positioning leads to multiple days/weeks swing changes. Not sure, it will work intra-day. it might for I haven't done any research on it yet. I agree with trading is simple theme though.
You are right. I fell for it. I had a specific plan just for the week as I have school next week instead of letting it just happen.
It didn't go down - so my fear that we might re-trace has been unfounded. There, I go long again @ 1271.5, target 1272.75. Will settle for a small target and then call off the day.
no ,yesterday looked like a clear attempt at pushing the market up for their 1300 hopes,got quelled by close then todays attempt to take it down was also interrupted, the djt tried breaking res yesterday and supp today to break up out of the wedge,yesterday was also a p day in spx (up the day after) not looking for a reversal ,just sideways ADP tomorrow http://www.forexfactory.com/calendar.php