BataviaTrader
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S&P Emini today: what do you do in a market like this? Go with flow or wait retracemt
I am quite often confronted with this dilemma and I was wondering what other members is their opinion about this issue.
There was a time, I waited for the timing all my indicators were in place and entered a trade, but then price retraces and hits my Stop-loss. But only to continue it's way back into the direction that I was just trading.
Then I focused more on retracement with Fibonacci. But in a market like today you are missing out greatly because the retracement never seems to come.
See link:
http://charts.stocktwits.com/production/original_9207405.png?1345579487
Any thought of the profs how to overcome this?
I am quite often confronted with this dilemma and I was wondering what other members is their opinion about this issue.
There was a time, I waited for the timing all my indicators were in place and entered a trade, but then price retraces and hits my Stop-loss. But only to continue it's way back into the direction that I was just trading.
Then I focused more on retracement with Fibonacci. But in a market like today you are missing out greatly because the retracement never seems to come.
See link:
http://charts.stocktwits.com/production/original_9207405.png?1345579487
Any thought of the profs how to overcome this?