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Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
With all due respect, you're way off on your analysis with regards to volume and volatility. First of all, when a new trend starts, there isn't a huge spike in volume on a weekly chart interval. It takes time for the move to mature which is why we are seeing lower volume currently vs. your examples. If you look at when those example moves started, you will see that volume starts off lower and builds as the trend builds momentum. Today is only Tuesday and we're already at half the volume of last week essentially. The ATR typically starts small and obviously builds which is what is happening as well. I've attached a few charts to show you what I'm referring to.
Also, if you wait for confirmation of a trend change looking at a Weekly interval, you're getting in rather late IMO.
Can you help answer these questions from other members on NexusFi?
I have no problem getting in late. When the markets go down, you'll have plenty of opps to get in. Still too early to know if this is a new downtrend. Trend changes rarely occur as v shape reversals on an uptrend, its usually a process that takes a few weeks to even months.
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
I agree, there will be plenty of opps but I prefer to get in according to my criteria which has happened. This last leg up has mirrored 2007. Small range melt ups. When the game was up, look what happened. I could definitely see us chopping around a bit but ultimately, if the Fed stops QE, the game is truly done. When looking at the decimation of the USD, how much more can we possibly handle?
OK buddy, whatever you say. I don't have the time going back and forth with you like elitetrader. I think i've established myself in this forum, and i've help lots of people well before you even joined.
You just keep doing whatever it is that your doing. Im gonna unsubscribe from this thread and put you on the ignore list, because its obvious that you can't talk, and have to resort to badgering to try to prove that you know something.
I think people from Chicago have a little different view as to what is considered "rude", than those that live in the land of " fruit and nuts."
I guess I could be polite and apologize, but then I would be the hypocrite instead of David H. The guy not only distorts everything you write, but he is the first to jump all over your posts, to point out your "mistakes". And when you are blatantly correct, he can't find the humility within himself to be gracious, and admit you were right.
He is the one who lives to criticize and point out other people's "errors". The ironic part is, he has a myopic, simplistic view of trading that is totally out of context with today's markets, and should be the last person to criticize others.
I'm just being honest, when I say his knowledge of the markets and trading is limited. And I can pretty much guarantee you, just from how he talks about trading, that this guy has never made a dime in this business.
This is exactly why I stopped posting in the forum. You have guys in here and my guess is 95% of them that don't trade with a cash account, but know everything. I'm tired of wasting my time with incompetent people who call themselves traders. I will from time to time add a few comments, but for the most part I'm a lurker. The thread that gives me the most laughs is the "Ten Thousand" thread where these guys want to see a pnl. Who cares who is profitable or not? What is important is do you think you can be a profitable trader? If you are basing your success on someone else success then forget it you won't be. Save your time and don't even think about trading for a business. Well, I'm getting off topic here, but wanted to vent this out. Watch! some moron is going to debate this post.
Guys... debate is good. Debate leads to positive things but lets keep the debate on the "up and up", no need for petty remarks or comments. This isn't a pissing contest and I want no part of those types of discussions here on futures.io (formerly BMT).
Here, when you post, you need to keep it helpful. It may take you an extra few seconds to compose your post, but you can still get your point across without the mud slinging. All you have to do is give it a bit of effort.
In the end, it helps all of us here in the community when we spend an extra minute to construct a useful post to add to the debate instead of a quick and dirty mud-slinging post.
This thread has been a useful one. But the last several posts are disappointing. Lets not let it deteriorate just because you disagree with someone. My point is, you can write a post where you make it clear you disagree without making insulting comments.
Last, if a particular user is upsetting you -- you have a few options. 1) You can report the post to the mod team if you feel it doesn't belong here on futures.io (formerly BMT). 2) You can place the user on ignore in the forum software and continue about your business. 3) You can ignore the user entirely on your own.
