He took one of several possibilities. He could have waited for 1299 for a short. Or he could have gone long at 1289 per your yesterday statements. Just so that you know, I'm not against a discretionary type of trade. I'm a discretionary trader myself. I just would like to know what the "rules" are, as some others in this thread evidently would like to as well. Jagmot at least seems to be consistent in how he is applying his personal rules. OldTrader
Any late-day entry restrictions? ... we all know the warnings about fading strong late-afternoon moves.
program trading contributes to the volume to create the skys and dives. just more footprints to look out for.
How do you not see the reaction low at 83.75 / 84 ? What is 10 + 83.75 ? Let me guess you still don't understand why that was short signal. If it does not work then why are you so concerned about it ?
I flat out suck at late afternoon trade. I usually look for reversal around 3 pm est when bonds close or shortly after. Then look to fade the move from there.
Of course I see it. I said it was "one of several possiblities". Are you able to read? Sheesh. OldTrader
You are making this really harder than it is. You are looking for a 10 point move period to enter, where it comes from on the chart is not important. 10 point move period, what part of that is so hard to understand ? EDIT, to be technical, I am looking for a move of 9 to 11 points period with 10 being stated as the average.
Your nuts, rule of 10 is worthless and does not work. oldtrader said so himself. Jagmots results are inflated just to make it look legit.