I posted a while ago on another thread about this: http://www.elitetrader.com/vb/showthread.php?s=&threadid=215097&perpage=10&pagenumber=2 I, too, prefer the deep restful sleep of a day trader and will trade in any direction that price signals. Trading CL today I went from 6 shorts to 5 longs followed by 2 more shorts. In terms of intraday trading, ES signaled long off the open, put in a counter-trend potential short signal when it broke the 1322.50 support floor established between 11:15am and noon ET, but became a scratched short and re-enter (or add to) long when price failed to break through previous minor resistance of 1319.75.
serious kudos! 2 of the best calls i've seen in succession in this thead. Try and grab 50 points on longs next week though
Volente called the 1310 low (R10) and the 1328 high area in advance with his HNS call. He does it regularly and more frequently than anyone else here. Personally I find it amazing. Tough to beat that analysis. Did he trade it perfectly?. I'll let him answer. He probably makes a very good amount consistently, and that can be taken to the bank. And that's all that matters. Paul Alan called his trades days or weeks in advance. Amazing. How much % did he make?. How much % was he in the hole in his first call when the market dipped a little more than he expected?. Who knows. I'm pretty sure he didn't trade his method perfectly either. He probably makes a very good amount consistently, and that can be taken to the bank. And that's all that matters. Crow pie for me and my bearish calls. Yet my equity grew on friday. Little, but some. 55% of my trades lost or broke even and I wasn't even looking most of the time. Go figure. Now_is_too_Late still trying to find Now_is_Now by auditing everyone else... Sorry this is one more post than I intended. Good bye and thank you all for the good vibes and great ideas. May your life be abundant and happy. As for me, I'll start trading R10 and TDAYS and dump everything else that is not automatic. Can't argue with the truth.
Because sleeping is sometimes good for your position. Had you slept longer, you would have stayed in your winning position and stayed until your target reached, instead of exiting from it too early...
We have got this (well, still in the process) except the sequence was reversed. We went down to the SMA 9 on the daily, bounced from it on Thursday then went higher topping at 1331 so far. I think we will top somewhere under 1340 SPX then finally go below the SMA line. If so, the sideways action should be in that 1310-40 range....