You do know there is a difference though between OR levels and volatility levels though. I don't want people to get those confused.
People can always ask questions for clarification. Hopefully other traders except few who participate will start posting charts, set ups etc..
LOL. I am trying to be as clear as i can. Pre open chart with levels, intra day and end of the day. I guess there is a reason confused people mostly stay confused. But I hear you, will try harder.
Mav, I am trying to look at things on more of a relative basis since you recommend this, and also remember you saying something regarding intraday equities awhile back when I asked about product selection. Earlier you said that I should be looking for stocks forming A ups, when the market is potentially bottoming (& vice versa.) So what have been trying to do is look for weekly A ups on a daily chart, and when the market is down intrday, look for stocks that have good intraday relative strength vs the SPY, antcipating that a reversion in market (which seems to be common with the SPY) might lead to a decent run, or at least potentially an entry with less risk in that particular equity.. (and vice versa for short candidates) Is this what you meant? I did my first ACD live trade today with NFLX based on the above, (and I havent read this thread in a few days so proud to say caught it on my own ) and it turned out well. Only bad news is that when it stalled out, and I got nervous and I took profits, and left alot of profit on the table.
John, are you not trading much forex anymore? I was watching the "money in motion" show on CNBC and was wondering why you hadn't mentionEd any Franc or Ruble trades lately
The way I trade the pair had already moved too far away. If had not been on duty, I would have bagged another 90 pips or so, I suppose. I don't torment myself with what might have been anymore.
Shan, I mention the overnight action in the Aussie and the Euro every day. But no, not trading FX right now. Putting a lot of work in my top secret project. It's coming together nicely.
Talking about correlations, I've just stumped upon this: http://www.thereformedbroker.com/2012/01/06/correlation-nation-lets-go-to-the-charts/