tech/a
No Ordinary Duck
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And so you should.
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Click to expand
Day Trading Futures
- Thread starter Trader Girl
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Stopped on short from 4021 -10
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Trying again short @ 4034
tech/a
No Ordinary Duck
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Why
This trade doesnt appear to have any reason behind it?
Other than a "Feeling" its over extened and is due for a 5 tick retracement more than a 10 tick continuation?
I can see the reasoning and looks fair enough but more a punt!
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RIP-- Steve Jobs.
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Strong day...stopped again -10
tech/a
No Ordinary Duck
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Am I off your Xmas list?
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Hi Bronte,
Now that tech has conveniently told everyone your support/resistance concept, and with the additional 500 retail traders dumping extra contracts at the pivots ........... Probably gona have to widen your Stops:
Its started already
Thank you barney, you are a good man.
Good luck with your trading also
You are very kind, thank you Bronte.
tech/a
No Ordinary Duck
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I had a reason.---to my question
I love ignorance its becoming.
And does nothing to allay my suspicion of self serving
participation---or more lack of being more the point.
This made more sense and turned profit.
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Short Spi @ 4070
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Covered short from 4070 @ 4065
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A lot if my trading is instinct and
tape reading.I don't have one method
set in stone.I trade it how I see it.
skc
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Why aren't there any long trades today?
While I agree the whole market will be smoked at some stage, long seems to be the right way today on breakouts... with my perfect hindsight of course.
Sometimes instincts can get in the way of good tradings?!
Hey... So does TG really have a success of 90%. I am new to trading especailly the SPI and i am being taught that my risk/reward ratio should be 2:1.. TG's is 1:2 which means she needs a success rate of 66% to break even. Does not sound right to me.. TG- Do you always short for only 5 ticks?
Tech/A I was wondering why 4030 wouldn't be considered a resistance area, it had acted as a support area previously. Today it seemed to slow down when it reached 4035. Unlike other days the volume was still strong during midday, and there was enough steam to break through it.
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tech/a
No Ordinary Duck
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Sure it was but I tend to work of the old Market Profile principal that if a zone has Been broken and wasn't respected (In other words its been tested previously---which that level had/s) then its lost its validity to the next nearest that hasn't.
Which was the next level I suggested.
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are you making money? selling into strength with such deep value around is kinda suicidal imo
tech/a
No Ordinary Duck
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Have you actually bothered to look at the charts posted and considered why it's a good strategy?
Look at the micro not macro.
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