the market is totally being controlled!

tiddlywinks · Aug 10, 2014

noblehawk said:
I am curious about your opinion about these days market.
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Things that matter matter when they matter: until they don't matter anymore.

noblehawk · Aug 10, 2014

Lucrum said:
You don't wanna know my opinion.
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Come on,guys, speak out. Any opinion is welcome, as far as it makes sense.

noblehawk · Aug 11, 2014

xelite777 said:
Good question.

You will notice that more than 50% of the time, these breakouts never pullback. Breakouts without a pullback are very powerful and usually generate the biggest gains in percentage terms.

Unfortunately, it is simply too risky to chase them, at least for me. As a rule of thumb, if I see no pullback after a maximum of 10 to 15 bars (after the breakout), I simply look for another trading opportunity, for the simple reason that real, meaningful breakouts rarely spend that much time to return to the breakout line before resuming their initial move.
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Dude, Check KMI ! 10 minutes 1000 US$. I told you i would not make the same mistake as SCTY.
Happy trading!

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the market is totally being controlled!

tiddlywinks

noblehawk

noblehawk