How are you trading with the Fiscal Cliff ?

paulbazo

Newbie
7 0
Hello all.

I wanna start this thread to see what other traders are doing differently, if at all, because of the Fiscal Cliff. The reason is because for the past two days I have been following John Boehner's twitter account, something I never thought I would ever do. Also, I have been more hesitant than ever when placing a trade. I am just thinking that any idiot in washington can open his/her mouth and move the market against me.

So my open question would be, What are you doing differently and how are you trading differently with this looming Fiscal Cliff ? what changes have you made to your setups ? Etc ...

Hopefully I can get some ideas in gaining more confidence in my entry set ups and also would like to see what other crazy things other traders are doing differently to keep the fiscal cliff at bay???

By the way I only trade the ES futures.
 
M

member275544

0 0
Hello all.

I wanna start this thread to see what other traders are doing differently, if at all, because of the Fiscal Cliff. The reason is because for the past two days I have been following John Boehner's twitter account, something I never thought I would ever do. Also, I have been more hesitant than ever when placing a trade. I am just thinking that any idiot in washington can open his/her mouth and move the market against me.

So my open question would be, What are you doing differently and how are you trading differently with this looming Fiscal Cliff ? what changes have you made to your setups ? Etc ...

Hopefully I can get some ideas in gaining more confidence in my entry set ups and also would like to see what other crazy things other traders are doing differently to keep the fiscal cliff at bay???

By the way I only trade the ES futures.

I'm not doing anything differently. I trade what I see and ignore whatever rubbish somebody else might be saying. You will hear over and over again that this is the worst time to buy shares, that the market is going to crash to such an extent that we will be bartering again..and so you become conditioned to thinking that now you should short the market..it doesnt work out does it, but you are hearing its overbought..ok so you short higher and now it will be the trade of the century..so you short again.
Whats been happening all this time? The market has been going up. Read the chart my friend, dont listen to the news.
 

Brumby

Established member
593 139
I remember someone teaching "Trade what you see and not what you know". I guess this is still relevant.
 
M

member275544

0 0
I agree my friend. In normal time this is sound advice, but you must also be a realist and consider that news, at least at this moment, can take over the market.

absolute rubbish, the news does NOT take over the market. i am long S&P until the trend changes, nothing else. Its not being unrealistic and these are not abnormal times. Every xmas is the same. this happens time and again every single year, but this year in january what will the news say to explain the move down...oh of course. The fiscal cliff..get real.
 

paulbazo

Newbie
7 0
absolute rubbish, the news does NOT take over the market. i am long S&P until the trend changes, nothing else. Its not being unrealistic and these are not abnormal times. Every xmas is the same. this happens time and again every single year, but this year in january what will the news say to explain the move down...oh of course. The fiscal cliff..get real.

I have to admit that I just don't have the stomach for it ... This is where I need to work on my trading psychology messing my edge in my trading system ... I'm pretty much a newbie but I understand that this can only be accomplished from experience. Hopefully one day I will be posting something similar to yours ... ;)
 
M

member275544

0 0
I have to admit that I just don't have the stomach for it ... This is where I need to work on my trading psychology messing my edge in my trading system ... I'm pretty much a newbie but I understand that this can only be accomplished from experience. Hopefully one day I will be posting something similar to yours ... ;)

I was a bit harsh..apologies. Really though, just concentrate on what the market is doing now. Not tomorrow. I only say this from experience, where i would read Elliot wave blogs by others..doom mongers are out there everywhere. I would enter and then close because somebody else "forecasted". There are no forecasts and I dont pay any attention to overbought indicators, news and elliot wave. I concentrate on what the immediate trend is doing...and I will probably be out tomorrow from my trade as I see the short term is changing now. But it wont be down to the fiscal cliff :D
 

paulbazo

Newbie
7 0
No worries malaguti, i take criticism well ... after all im in this website to learn from more experience traders... I actually take your input in a way to make me realize that there are plenty of other traders trading confidently during this time and I should be one of them ... Great job with your trade by the way... :)
 

CalvinLe55

Member
51 0
Just be long from 12/29 to 1/9 or 1/11 time frame and you should be good. I Can't give you the details why because thats what I do for my clientele. I tell you though that you will thank me when its done and over with later. To help you with another top in short mid term is 1/18/2013, so good luck if they affirm your trading at that time. I forecast with vibrational analysis of course that means a future forecast is possible. Good Trading CL
 

avtardhillon

Junior member
36 0
Just be long from 12/29 to 1/9 or 1/11 time frame and you should be good. I Can't give you the details why because thats what I do for my clientele. I tell you though that you will thank me when its done and over with later. To help you with another top in short mid term is 1/18/2013, so good luck if they affirm your trading at that time. I forecast with vibrational analysis of course that means a future forecast is possible. Good Trading CL

would you short s&p
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock