Pm recieved, responded with some chart examples of the reversals occuring. Looking @ when we run out of buyers or sellers in an up/downtrend, are you just picking logical areas of S/R for the reversal on say a 5 min chart?
thanks gobar, I'm glad NOT all comments are negative. Already at 12:40 am et and 816 hit which was may target for the > 824 entries but here's a new problem that I can't trade the SPY at this hour!
Not just SR,.For example in a downtrend you look for a rush of sell orders with no buyers around. Then, when the sellers run out of ammunition, there will be a pause and the price starts rising and then the buyers kick in. Watch your red & blue vol bars I mentioned...
After years here, I've learned that it doesn't matter. Everyone knows that the thread starter is a losing trader and is only paper trading. And still, there will be credulous newbs who buy into the story and will eventually be willing to cough up $499/month to join the 'trader's' room.
4403 posts later and the loser continues being mad at all others with much less experience and a lot more success. Loser, you should see the depth of knowledge those you call New Bâs have demonstrated in their PMâs to me. Are, clowns like you man enough to put their money where their big mouth is? NO. Here, prove me wrong, letâs each open an account at IB with $50,000 each and compete to the rest of the year? So far nobody has had the courage to accept this challenge and the chances you would is next to zero too. If you had 50k to your name in this world, then you wouldnât have been so mad at those who do. Listen, the angry mob, Iâll even accept if the lot of you pull your poor resources together open a joint account and collectively trade against me, What do you say? Now, everybody just watch these poor souls come up with ridiculous excuses? What the lot of you donât have 50k? Then with all due respect STFU and donât pollute this fine thread.
Sorry, just did a little background on you and found out about your problem. I'm sorry about my post above, I didn't realize you maybe high or in need....here's you post from your other favorite thread where you support the free distribution of drugs...:
Dang... it hit 810 zone and back to 24 now and I couldn't take profit....although more often than not the after hours lows are revisited during the day but, I must rethink using SPY for this exact problem....
added more short at 31.25 lower than desired 36 target 16(presently 31) no more shorts planned unless get new signals
there's a nice 821 target also that I'll short for if reach 36 are. also i can see long targets at 840 and 875 areas. I'll probably put them on in the same 816 zone.
MODERATOR, why do you let these Vandals manipulate you so easily???!!!! We are very clearly discussing trading strategies here and has NOTHING to do with a Journal! A Journal is about listing one's trading activities including the Balances of the account etc and not trading strategies and monitoring their outcome and changing and adjusting them as necessary. Check out the posts and you'll see every post by the audience except for the ones made by the vandals is discussing trading strategy. So put this thread back where it belongs in the Trading zone and get your act right and promise yourself you won't let the Hooligan Vandals with hidden agendas to Manipulate you so easily in the future.