Bulls have made it to the top of the range. When price hit 1140's there were no major sell orders coming in. On the contray more buy orders came in. Price is now outside of the range. [So what makes today different] - Silver and Gold. If anyone would look up a chart of Silver or Gold on the daily chart you see a strong sell off. The strongest sell off in 3 months The market is moving out of Risk Aversion and back into Risk Appetite. Like I said before their is no news, crash news, or any other indicator that points to further selling. Market is waiting for economic data to show positive numbers to sustain a new rally. Without economic data (Friday GDP, Friday After Next Non Farm Payroll) market could go back down. [So what makes today different] - Look at what Silver and Gold did today.
I see I hit a nerve there. Did you know that trading (risk) and papertrading (no risk) are run by different parts of the brain?. I thought we were talking about you and not about eudaemon, a supreme being.
No nerve hit on my end, but perhaps I`m a little more edgy than normal after risking and losing real money today. I still think you`re a colorful character and I do like you, but you also have a special gift when it comes to annoying people and you play that part of your personality to the utmost perfection!. End of transmission.
You see ninjatrader is "plug and plat" with IB only for the simulator. For a real account you have to lease it or buy it. That gave you away, amongst other things. One of the most frustrating "rights of passage" to becoming a real trader is making hundreds of points in simulators/backtesting sytems/etc/etc and then switching to a real money account to have no less than 13 losers in a row. You see, papertrading is not only useless, but detrimental, as you only have one brain, and papertrading hogs mental resources and brain synapses that are necessary for becoming profitable with real money. It is now very obvious to me that you were papertrading thursday and friday, and trading real money today (maybe)...to your detriment. I don't really care too much, and was trying to help you with some good tips, but the same as anyone else you are not ready to change (look at ammo...papertrading an averaging method, that he knows in his heart already that it doesn't work, when he was given the proper way to do it, that also made sense to him). If you want to become a real trader, you can, but you have to want it so much that you change some very hard to change behavior patterns. END OF TRANSMISSION!. (I'm the chief transmission officer, the only one entitled to end transmissions. ok?).