i agree with you. however, after getting singed a bit in the fire of dollar collapse, i hesitate. will jump back into the fray in a bit. good luck ! surfer
Counter trend position traders who then ride the new trend are always the most profitable traders long term.
thank you. good to see several of you understand what i am doing. the only sure way to catch an exact top or bottom is to enter early. based on when your system/programs is indicating the block of time has arrived and position size properly to withstand the likely adverse excursion--as calling exact price time then entering is a discipline best left to mystics. my trading is based on SIZE, TIME and PRICE---- remove any of these 3 pillars and the structure collapses. best, surfer
I generally start small because I am usually early--then I add. I may use stops or not depending on how the risk relates to the portfolio size. The idea is to get the size where you want it to be by the time the reversal comes. Now, some reversals are very straightforward and can be super sized right away. This is the way most professional position traders are successful.
best of luck for 2morrow, surfeur, hope u find da will to close...many opportunities anyways intraday, innit[?]
$INDU 11575 Once $INDU closes under there, you should see some money coming along I think YM futures dropped below that , so should be start of some downtrending.
Point taken. Context is everything. So now that we have an idea of how far he is willing to let a trade go against him, let's see how much it brings home...
Ae you sure about that? http://www.elitetrader.com/vb/showthread.php?s=&threadid=68319&highlight=questionable