Why are you saying this? As far as I know swing trades take from a couple of days to a couple of weeks. Today eventually aligned itself pretty well in the last few days down trend for SPX and DJX, and up trend for NDX ...
Its a question of nerves I guess. How would like to be watching today on a swing basis? If you were short at the open or watching all your gains dissappear in the afternoon if you were long? Not saying theres anything wrong with swing trading, just that its not my cup of tea.
For you who uses sierrachart, I´m the one who suggested the new functions that makes it possible to cut extended trendlines and to right-click on trendlines to make adjustments. If a buss runs me over tomorrow, I believe this is what I will be remembered for.
Please! Please! Let this thread die! Isn't four days of inactivity enough? If it lives, eventually someone will think to inquire whether anyone posting here made any money!
Fess up Mike. Youll be lost without a foil. I am also curious how people are doing. This is some interesting shit going on now. BO's are working very well.
Check achilles28's great post on "Forums âºâº Technically Speaking âºâº Technical Analysis âºâº trend following delusion shattered": http://www.elitetrader.com/vb/showthread.php?s=&postid=1002814#post1002814
Easy. Well, I am making a thousand dollars a day. I just wish I could do that trading. As for the old 1-2-3, it don't test out so gud. As to breakouts working gud now, that's akin to my saying months ago that oil was a leading in-dick-ator. You can lose a lot of money trying to figure out what works now. That is one of the most utterly fascinating aspects of testing: observing the ebb and flow of an alleged "system". Oh how I long for the days when "Sell the Wednesday Open" worked!