Have you ever thought about using options to hedge your futures trades seeing you do not day trade Just a thought JB
Is this TOO funny to anyone but me? Again I know NOTHING about day-trading. . .but I saw the uptrend reverse and got good entries short - with stops, to risk a little and perhaps capitalize on a tank into the close. Is this PPT for real? How and when do they determine to pick their spots? Do they have a hot-line to let Wall Street know what's up. What about all the Hedge Funds out there. Don't they have enough weight to counteract these moves? Am I a conspiracy theorist? I mean right then the market want to protect the downside and goes into downtrend from 3:15 to 4:15 with a now more volatile range. Lower lows etc. and I am banking a few points hoping for an all out drop! Not to be had. I lowered my stops and they get taken out as the market does - - I can't descibe this action? Can you, JB? What targets were hit? So now I am typing this and well from 4:00 to 4:15 it probably drops. . .but who cares?!? Too funny. I guess when things are battling that hard take profits and run! paysen$e I guess what I am saying is - - are we to believe this close (above 926) as a now upturn? <b>What time of close do you use JB 4:00 or 4:15?</b>
4:15 EST you did see the reversal that had to take place before we reinstate the down trend, I look for the body of the candle to take out the the prior swing low, plus to close inside the fork this is a pic of the forks changing you can see the red is the old trend and the blue is the new trend HOWEVER, 968.50-971.25 has to be taken out now So we shall see
So where do we gotta close for this crap to change? 968-971.25? very sloppy action today, but then again it is Friday - not to mention the last day of the month. All I know is I got a mean headache!
You have to find the market very funny 68-72 being KEY LEVEL to close above and it pulls off a sell off into the close Makes you wonder at the same time it makes sence as well Pay, you must have been thinking the same thing JB