maestro, kudos on your system it is very interesting the components you look at (bid asks dropped and added). Congrats! Maybe you can invite us to visit on your yacht sometime
Thanks for the kind words. I promise to invite all of you guys (who would be interested) to our new trading office as soon as its ready. So far 4 people from ET visited our Toronto office and I really appreciated their constructive criticism, suggestions and comments. In a mean time, I just got an exhaustion signal on the short sentiment: - a sure sign of a rebounce. Unfortunately, I can not tell you how strong it is going to be. Cheers.
ack, i just shorted ym futures at 10140 with a stop at 10165, will move to breakven if I get a decent thrust in my direction or so, otherwise looking for a test of 10000 to cover. I'm trying to be careful now cause low/volume in the dreaded lunchtime hours.. max risk is 1:5.6 what part of toronto r u in? I visit mississauga from time to time
Potential triangle setting up on the Dow (ym) and conditions are right for a break out. Upside target 10280 Downside target 10000 Will monitor for entry.
Breakout to the upside has failed so far (stopped at entry) looking to reverse short on breakout to the downside now.
Long term sentiment remains negative. IMO we will see this slow continues slide till the equities put/call ratio reaches 75 - 80 % Just a thought.