What if, the market continue to drop, while the daily range stays this way? e.g. SP at 600 while daily range stays at 50 pts like today That is insane volatility! :eek:
The only reason you post on this thread is to give B1S2 a hard time, and then you post a trade where you made 21 points after taking a 123.5 point drawdown. I would think you would keep your obvious paper trades to yourself. Anything you post henceforth will be meaningless in respect to a trader who thinks a r/r ratio of 1 to 6 will work.
Well, I am going to explain it in my book! Seriously, it was intuition. I can't really explain but sometimes I am just making an educated guess and it eirily happens. Just like a week or so ago, when I said I wouldn't be surprised to close down -40 and the SPX went down -38. I can also tell how many matches fell onto the ground...
Dmartin is doing this on purpose, wouldn't be surprised if it's yet another multi alias troll. Just ignore it.
Somebody pointed it out to me that it is Wyckoff spring, not thrust, my bad. Looking it up I have ran into this blog, apparently the blogwriter noticed the same about last week: http://www.ritholtz.com/blog/2008/11/revisiting-the-wyckoff-spring/ Some good technical conversations there....
I'm curious to know how would I get those signals? Obviously have the program, but then you mention the web site? I'm always on the lookout for any tool that will help with long term trades in the 401K. Regards, John