Dow 2009
- Thread starter N Rothschild
- Start date
- Watchers 66
Excellent Raised my stop loss to 6600 taking 115 point gains....will see how it goes from here.
Hopefully see a further push higher
Good luck
Bongo:clap:
exportdealer
Junior member
- Messages
- 34
- Likes
- 20
Closed my trade, didnt want to ride the weekend with that PnL +160pts very pleased.
Will try and re-enter Monday, but its drifting up, great trade Bongo
Will try and re-enter Monday, but its drifting up, great trade Bongo
rathcoole_exile
Guest Author
- Messages
- 3,925
- Likes
- 767
chilltrader
Experienced member
- Messages
- 1,296
- Likes
- 115
Don't be fooled by any bounce for the next 2 years.... its all going downhill.
PokerBrat
Active member
- Messages
- 197
- Likes
- 25
Don't worry, I wasn't planning on being long for that long......
As far as I'm concerned, any rally is an opportunity to go short at a better price. But I did close all my shorts when price hit the lower trendline on Friday. Previous bounces have been pretty fast and furious.
counter_violent
Legendary member
- Messages
- 12,638
- Likes
- 3,780
If you think about markets in the following way.
PAIN
Who is being caused pain at all the critical levels ?
Bull traps and Bear traps at every significant level.
The big boys simply mop up all the actions...regardless of where price goes.
Triggering stops and inflicting pain is the biggest game in town...70% minimum of price action is within or just beyond the ranges.
The lower the time frames traded and the more pain you suffer.
To scalp is the highest order of skill without a doubt and therefore the most difficult...it shows mastery of understanding how the markets work.
Patiently waiting for the intraday nonsense to play itself out...then give the pre- signal clues as to how price will break out.
If you want to make the big bucks...learn patience and discipline.
Dr.Joe doc was supplied by NINE in another thread .....i doubt we will ever know who the student was.
PAIN
Who is being caused pain at all the critical levels ?
Bull traps and Bear traps at every significant level.
The big boys simply mop up all the actions...regardless of where price goes.
Triggering stops and inflicting pain is the biggest game in town...70% minimum of price action is within or just beyond the ranges.
The lower the time frames traded and the more pain you suffer.
To scalp is the highest order of skill without a doubt and therefore the most difficult...it shows mastery of understanding how the markets work.
Patiently waiting for the intraday nonsense to play itself out...then give the pre- signal clues as to how price will break out.
If you want to make the big bucks...learn patience and discipline.
Dr.Joe doc was supplied by NINE in another thread .....i doubt we will ever know who the student was.
elitejets
Established member
- Messages
- 943
- Likes
- 435
The student was someone I am very proud to call my mentor, Strat at FF.
Forex Factory - View Single Post - Strat's Long Term Stress Free Trading
Nicola
Silversea
Member
- Messages
- 52
- Likes
- 6
As it stands now the crash of 2008 has been worse than that of 1929. A frightening statistic shows that after 513 calendar days the S&P 500 is down 56 percent while the Dow is off 53 percent. By the same 513 days in 1931 the S&P was down 49 percent and the Dow was off by 56 percent. The current decline has accelerated to catch up with the historical decline.
The Emini is down 58% since October 2007. How about a decent bear market rally? During the last bear market, 2001 to 2003, the rallies were preceded by some strength in the Commitment of Traders data - bullish divergences.
In this week's Commitment of Traders numbers the Professionals continue to be heavily short, in fact, they have added to their short positions. They increased their net Short positions from -11.0% to -12.6% of total open interest.
The SP (large contract) Professionals are still more bearish than the ES (mini contract) Professionals. Back testing shows the SP Professionals are a more reliable indicator of market direction.
The Emini is down 58% since October 2007. How about a decent bear market rally? During the last bear market, 2001 to 2003, the rallies were preceded by some strength in the Commitment of Traders data - bullish divergences.
In this week's Commitment of Traders numbers the Professionals continue to be heavily short, in fact, they have added to their short positions. They increased their net Short positions from -11.0% to -12.6% of total open interest.
The SP (large contract) Professionals are still more bearish than the ES (mini contract) Professionals. Back testing shows the SP Professionals are a more reliable indicator of market direction.
sullystocks
Member
- Messages
- 82
- Likes
- 0
Anyone ever trade overnight when market opens at 12?
elitejets
Established member
- Messages
- 943
- Likes
- 435
solentsurfer
Active member
- Messages
- 110
- Likes
- 3
short at 6844 but been wrong 3 times already today
moonwalker
Junior member
- Messages
- 29
- Likes
- 0
currently broken out of the hourly downward trend but I wouldnt bet against it falling back. hmm.
