Looking for 5-10 min mean reversion trades

Discussion in 'Trading' started by Chris Paciello, Aug 30, 2009.

  1. That will blow out an account in a few minutes during a big trend.

    Price usually reverts to mean of BBands, but sometimes it keeps going up the outer bands and then you lose. I've blown demo accounts when that happens before.
     
    #11     Sep 10, 2009
  2. jbt

    jbt

    If you actually listen to the video I make that very point which is why I trade this setup with 2 stops and I am out. If the series continues to trend I will abandon any more attempts to fade that price leg and wait for a new swing to form.
    Boris
     
    #12     Sep 10, 2009
  3. wave

    wave

    Have you figured out how to buy @ the bid and sell @ the ask?
     
    #13     Sep 11, 2009
  4. wave

    wave

    Quote from the1

    "Look for diagonal levels of support and resistance along with exhaustion volume patterns."


    Every now and then, an ETer will throw a bone to the crowd. The above is quite a bone if one figures out how.
     
    #14     Sep 11, 2009
  5. ---------------------------------------------------------------------------------------------------

    Very interesting imho.

    what does an exhaustion volume pattern look like - any indicator pleae?

    Thank you!
     
    #15     Sep 11, 2009