Kinda figured you wouldn't hang in there after that retrace to 1421... They're just not handing out any good setups now, are they?
they are on the scalp side but even then they are not letting you get in at good prices before exhausting the move... Hopefully better afternoon then the morning.
I've got no complaints about the morning. Made 2/3 of my daily goal in the first hour. It's the mid-day that's killing me. (Well, not really killing me, since I'm flat, just boring me to death.) Not scalping. I'm not yet good enough to be able to switch modes that quickly. (Give me time.)
If Buystop @31.25 -> Target = 38 if not still holding 28 shorts to 1415, volume shifts will alert if going to 1404.
Volume shifts occur on moments notice. You have to see it in tape. This will help you tremendously in deciding whether to buy the retrace or sellstop into it and vice versa.
Does anyone here view the last few months as showing bear market behavior? Quick one day rips up, and then several days slow grind down? Repeated over and over again, one step up, two steps back etc?
You're kidding, right? <a href=http://www.elitetrader.com/vb/showthread.php?s=&postid=1672988#post1672988>See here.</a>