International markets traders banter

[CanOz]

Hopping on a trend is similar in all timeframes.

I'd suggest the hard part is staying in the trend once on.

I find that using the order flow to pick an entry point in a pullback much more difficult that fading a spike. That could be because the locals are a little more obvious and tend to show their hand. Whereas market orders hitting the bid or offer are more difficult to use for this. I could be wrong, just not sure how to articulate the reason why, but it's just something that I feel. There is also a reluctance to enter ona pullback because of the fear that the trend may have ended, as they frequently do these days. As I said, indexes are mean reverting, and have been on the whole since 2009.

I will however, need the flexibility and skills to be able to identify potential in a new trend so that I can use that when it makes more sense than fading. This will take some time I feel. I believe that I correctly identified the possibility for a trend on my blog yesterday, but failed to capitalize on the trend once it showed its potential.

Live and learn...

attached from Jason Leavitt's site: Hard for swing traders in this crap...

CanOz

 

[CanOz]

Bugger, short the HSI and no Internet....

 

[Trembling Hand]

Shes a real grinder today on the Seng.

They turned on the big stuff and buy walk-up switch thingo today,,

 

[Trembling Hand]

Bugger, short the HSI and no Internet....

How do you post that then?

 

[CanOz]

How do you post that then?

iPad, 3G....

What's it at?

 

[Trembling Hand]

iPad, 3G....

What's it at?

19268.

Why not get the ipad app?

http://itunes.apple.com/us/app/mobiletws/id426488571?mt=8&ls=1

 

[CanOz]

19268.

Why not get the ipad app?

http://itunes.apple.com/us/app/mobiletws/id426488571?mt=8&ls=1

Yeah, I've got it and would use it for my real account...good chance to test it again today I guess

 

[Joules MM1]

the live chat thing is very handy.....

a challenge for a lot of traders is trading out of context with the recent strength and being run over by strength ...a continuity in one side.....even tho there maybe distribution upwards...again, a ladder shows activity but the players who arent seen in the DOM until they want to do business needs thinking well outside of empiric or implied numbers.......easy to get trapped into fading as it becomes an emotive logic thing to do.....but the frame work for the whole move, which may take several days to play out, is with momentum......a lower risk side......

 

[Joules MM1]

as we move to lunch, HSI, we're more likely to get covering dips....but picking pockets against goliath

 

[CanOz]

a ladder shows activity but the players who arent seen in the DOM until they want to do business needs thinking well outside of empiric or implied numbers.......

I guess that's pretty much it in a nutshell isn't it....sit and wait for them to hit the offer big and if its not absorbed then go with it...Be F***ed if I'm gonna buy breakouts, that a sure fire way to get :burn:!! Although there could shorts just beyond the breakout level that will , that could be another entry i guess...

 

[Joules MM1]

I guess that's pretty much it in a nutshell isn't it....sit and wait for them to hit the offer big and if its not absorbed then go with it...Be F***ed if I'm gonna buy breakouts, that a sure fire way to get :burn:!! Although there could shorts just beyond the breakout level that will , that could be another entry i guess...

....phases....several phases of different players come to breach to pull the trigger, once the main business is done maybe there's lower tier money coming to play some traps but with rare event moves like this it's easier to get run over.....bracketing when business one side or the other may become vital thought before the session opens......

 

[sinner]

Be F***ed if I'm gonna buy breakouts, that a sure fire way to get :burn:!!

I do alright with them, it just requires a different way of thinking about things. Also, the symmetry for upside and downside breakouts is different depending on the market and if you don't take it into account then it seems like breakouts often suck. EURUSD intraday is a good example of this, I don't trade breakouts like that on GBPUSD.

 

[Trembling Hand]

Fades and breakouts are traded exactly the same way. Only dif is you hang onto the breakout longer.

 

[sinner]

I wish 1.046 would just give way and leave me in peace!

 

[sinner]

Give up and eat a small loss here, might be better to wait for London.

 

[Trembling Hand]

Bit late I know but was going to say don't fight the strong locals on the last day of the month. Its pay day tomorrow.....

 

[Joules MM1]

cupla free lunches gold/silver longs....be quick

 

[Joules MM1]

thin chowder raiding party

 

[Joules MM1]

thin chowder ..

tight, thin, small, miniscule.:1zhelp:.....no chowder at all.........payday reaped, no one wants to play now?

 

[Trembling Hand]

tight, thin, small, miniscule.:1zhelp:.....no chowder at all.........payday reaped, no one wants to play now?

I'm not sure if you are talking about the market or your avatar?