Nice to see AW is thinking As RN has said, whatever makes YOU money is just fine, and use it away as long as keeps making you money. The first step, when gambling, is to remove as much risk as possible, so when you place your bet, the odds are already in your favor, and you are not depending on some mathematical formula to "save your sox". A lot has been covered since we started talking about TA, and, most of it really does not matter! The biggest barrier to making money when daytrading, is, the inability to take a small loss and move on. This has, and still does, ruin many a trader's chances to making it big time, and, it is a lot easier said than done, for, it is very hard to change billions of years of evolution in a short time, especially if one is prone to following the herd, and not willing to think and act independently. TE
There is a reason for everything that happens. If the markets fall, then it is obvious that there are more sellers than buyers, and, if the market rises, more buyers than sellers. Buying and selling happens in more than one "area". Speculators react when markets move. There are different types of speculators, and, it is not possible to SEE what all of them are doing by watching price alone. The real TA'rs have the most sophisticated programs running to show them what ALL of the speculators are doing, but, if we are daytrading, we need not worry about any of this, for, we are in total CONTROL of what we are doing, and, are able to CAPITALIZE on what others are doing We do not need to PREDICT anything, but, we do need to know what we need to do, and, once we know what we need to do, we must actually DO IT. As AW said, TA = Trading Attitude Btw, I am not saying that there is no value in what people are doing, I am just saying that there are certain ways to reduce the risk to a bare minimum, and, that is the best way to gamble. TE
If 1057 is hit before US open then a buy with tight stop can be placed, but, as this is trading outside market hours it is more riskier. No gain, without pain TE Oh, trade it at your own risk, it is entirely your decision, bla, bla, bla
Sorry No Sir But your post I quoted is the essence... That way when we begin to add crap we can always go back to the root meaning and never stray too far - otherwise the meaning's changed and it is no longer IA eta I N _ _ _ _ _ _ E RN