Like I said....hang on to those LAWN CHAIRS!!! :eek: I will start to look for entries between now and cash session open for any possible fade of the news reaction.....I will be looking for entries at 955.00 or higher. Last 947.50/948.50 entries out on news spike at b/e 948.00 ......looking to establish new entries at 955.00 or higher of spike reaction.
OK....holding some 956.50's and 956.75's now......lets see what we get. First targets at 951.50 and next at 946.50 level.
I didn't think they would so easily . . . but I choose not to argue with the market . . . Plus does anyone think that these numbers are fudged? we have -345K and 9.4% . . . not to mention the plain fact that this is the highest unemployment rate and the market chose to only focus on the -345K, suppossedly it's the work of the stimulus package . . . the guys at CNBC are clowns . . .
http://www.youtube.com/watch?v=PxVWckPZX0A Obama said: Thank you ohh so much, can not wait to get back to the South side of Chicago and show this off to the home boys in the hood. Amt would look good with that chain
The volatility is off the roof. Why are you trading with the same R parameter? The move form 956 to 951 is much more random than on a low volatility day. The same for your stops. The move now from 951 against your position 956 will also be more random and you can get stopped by the noise. CD will not help you with this. You need to develop trading skills in addition to context skills. Forgot this
Ivan, This isnt your thread. Your telling the OP on how HE needs to trade (when you really have no clue as to HIS method/his risk parameters etc..) Maybe you just focus on yourself. I am no expert but I wouldnt think that telling other people how to trade their method will serve you that well. Just a wild guess... CD and how he uses it for himself does seem to serve him pretty well btw. Also the volatility is off the roof? That was a news event, meaning the volatility was "off the roof" as you say for that event only. It could easily settle back down for the remainder of the day. Nice rotation of positions btw AMT. Well played (as usual.)
What is this thread about? I thought it was about trading. May be not. You can't trade low and high volatility the same way. It does not matter what your excuse for doing so might be. It shows gambling instincts. Red flag.
Nicely said!! I back you up on this. Ivan, you are really not contributing in any way in this thread IMO. You try to sound like such a skilled trader in every post of yours. So if you really are, why not write something we can learn from???