3/4 high..does catch my eye might limit place..just in case no time to stare..as must prepare for joining steel..as it's unreal if i am wrong..not a big song for i will try..stop 10 points high if price advance..i will not dance but neither fret..nor start to sweat i never know..if it be so nor really care..if see not bear for main thing be..that i can see it won't explode..unless news told so what if lose..5 ton no bruise for made last week..when things look bleek and now the trend..might be near end i will go short..in case spike thwart J_S
so price move bit..and limit hit and on some more..but me not sore then down it go..although bit slow and made me sick..by just few tick big question be..what next do me did sit and stare..hope price stay bear or was i smart..and look at chart and move up so..to catch the flow i let you guess..is it a mess for now it be..next where start me so did i act..and look at fact or was i dope..who sit and HOPE J_S
%% Mr Smith , we see your trend points[5.....]; did you see my point?? Implication is , many measure money management skills by the month, year,10 years.....Mr i know thisnickname;; 200 day-moving average is a good trend changer measure . Cant answer your last question, she looks to HI priced to me- ANY could buy so much REALTY for that money!!
A Friend never betray you, unless you prefer to betray him again and again. When you guys want to seriously succeed in Forex trading. Just follow the trend. This is my best advice. Failure in Forex is expensive. Look at the charts, how many time can you win by betraying it? Im giving this advice not as a sarcasm or a critic, but as an experience trader. Learn what works and what duplicates, this way, you will be closer to success. Right or Wrong is not important. But becoming successful is more important. This is my last post here. LEARN TO FOLLOW THE TREND..
Many think you have to be very smart in order to make money trading, but, the reality is that all you need to do is watch the market, and trade it with proper risk management, and proper awareness! I made some money on ES trade, but as I was busy with some other things today, I did not bother to look again, and, it appears the news drove the market down, which is normal. It is not the market that catches the trader out, it is him/her self! J_S
while the trend can be fickle at times it is definitely helpful to know when it is on your side and when it isnt, and the times of the day you are trading as a day trader. The morning trend often changes and its important to note when you are not on trend, vs when you are, if you are on the right side of the trend it is ok to size in on bounces if you are on the wrong side be careful. a good example today, on JWN. I was short it early in the day hoping for it to break down, i added at 44.8 when i bounced back up, then got stopped out and flipped long over 45 as the trend was now up, tons of retailers it was the same story today, its very important to know if you are on the FRONTSIDE or the BACKSIDE, of a two or three day move.
With all the whipsaws you absolutely need some kind of a filter. I developed my own pricing model that works on any instrument. The only prerequisite is volume and volatility. Not hard to anticipate what's going to move if you carefully analyze the historical data
Yeah basically on any given day im buying a spot or selling it hoping for support/resistance to hold then if it does and i start seeing lowrer highs i add to my short or higher lows i add to myt long JWN was a text book example today. I didnt make much on the trade but i traded it both ways based on the Trend and the change from morning panick to afternoon buying, its crucial you are aware of this as a trader. I think that the trend is more relevant than ever with the takeover of electronic trading you need to know who is in control and what the results of that could be. You should always know that the trend has changed when the last number you figured could have been resistance now starts to hold as support, you just know at that poin its going to stick it to the shorts or stick it to the longs. Given the fact that all i am doing is gambling, and i basically only go long/short at support/resistance areas, id say it is imperative to know which side ofr the trend you are on and when you are on it, i short things and let them trend against me for a while, but then only size in once i know im throoughly on the right side. You will go broke as a trader if you dont short things when you see support/resistance but then only size in once its confirmed.