Has this Market been bad for Everyone

Discussion in 'Trading' started by Flashboy, Jul 30, 2003.

  1. fan27

    fan27

    No Trades for me today. I am slowly learning to avoid these conditions like the plague.
     
    #141     Aug 1, 2003
  2. So how do you know when to start trading again??
     
    #142     Aug 1, 2003
  3. fan27

    fan27

    I recently made a rule that if I am going to buy a pullback on the SPY 5 min chart, it must be within the context of a bullish pattern (ie... breakout, breakdown failure, etc..) on the SPY 30 min chart. Same goes for a trade on the SPY 1min chart. confirmation must be made on the 5 min chart. This obviously not a mechanical system I am trading.

    This new rule was instated after being thoroughly spanked on Monday. I didn't trade today or Wednesday, and both tuesday and thurs were profitable. Hopefully this trend can continue.
     
    #143     Aug 1, 2003
  4. JT47319

    JT47319

    Depends on your style.

    If you can't play breakouts, why not play ranges?
     
    #144     Aug 1, 2003
  5. Interesting... care to expend on that?
     
    #145     Aug 1, 2003