P
postman
Long dow 406, no other reason than it always goes UP before the open.
40 point limit.
40 point limit.
P
postman
We're overdue one.
Possibly - areas of interest 6760, 6750 and 6720 ish. See how price is reacting around those points (if they get to them).
I'm in L @6765 but expect price to go all over the place on the open, so have placed a few deeper limit orders in.
P
postman
In the money already.
It makes no sense, but it makes money.
You watch your market, you learn its idiosyncrasies', you make money from it. Voila!
P
postman
P
postman
Question for those more knowledgeable than myself ( which should be pretty much everyone on here )
Obviously the NFP is released today - from previous releases it seems the DOW has reacted with a move of at least 100 pts in the hours after announcement. It seems too easy an opportunity - am I missing something???
Obviously the NFP is released today - from previous releases it seems the DOW has reacted with a move of at least 100 pts in the hours after announcement. It seems too easy an opportunity - am I missing something???
P
postman
Yes its really easy - if you know which way that 100 point move will be in advance.
Us mortals without the gift of foresight tend to keep away from unexpected moves.
Yes - Getting the direction right - the market will often trick you into thinking it will go one way and then doing the complete opposite. Often you'll be stopped out only to see the move go in your original trade.
It's very frustrating but part of trading.
A lot of traders stand aside for big releases like these because of the volatility (ie getting stopped out).
Regards,
Swissy
Limit order was triggered @6760. Still in on original @6765. Lets see if this has any legs.
What I meant was the overall move took place over at least an hour - unlike Forex I have observed where when an announcement comes out the price changes almost instantly - it seems like with big announcements such as this its a much more gradual move - therefore giving you time to confirm the direction before entering?
Taken a 1/3 off @6772.
Price is coiling (pump or dump?). Lets see.
Another 1/3 off 6775. Stop BE.
P
postman
If you think you have found a way of extracting money from the market then give it a try. We all trade what we see, but be aware that it wont always work, just be aware one day it will change.
P
postman
Whipsaw.
Pessimist!
