Zombies are in control...must be Bernanke behind the scenes..ha ha
still haven't got any p/a to go short..other than what I posted earlier that would have not burned me anyway...could have made something or at worst got out at b.e. still would expect this to drop..just don't know when.
maybe 692 will get hit though
The following user says Thank You to kbit for this post:
Obviously still learning this stuff...ES is going up and the TF is still way down....I hope this helps me in the long run
That being said It was good for me today.
The following user says Thank You to kbit for this post:
That's funny.
I know what you are saying but that was a major move to the upside before end of day drop which was expected. Profit taking and closing orders before tomorrows mess.
The following user says Thank You to samhtrader for this post:
If I had my thinking cap on I would have remembered how significant 700 is and after they flushed the stops above it gone short...oh well
have to keep 700 in mind...if it comes back there again tomorrow will look to short, the delta thing says it's the way to go at the moment
The following user says Thank You to kbit for this post:
I guess I might have to hold back on my postings a little to not prevent others from getting into trades.I know Bugs could have gone long and I might have scared him out of it . Maybe when I get this fine tuned or know how to read it better I will chime in on what I'm seeing with this thing. Sorry if I messed up your trades Bugs.
The following user says Thank You to kbit for this post:
Hey @kbit im sorry if you feel that way.. i made a few ticks anyways.. I im not a mkt jumper.. I never force my entry.. all my moves are based on fine calculations... even though I dont use all this delta stuff.. Im still pretty happy with the outcomes I get from the way I trade.. I have been saying this all the time.. in this game every one is a winner as long as they know what they are doing.. The most Important part in trading is planning an Exit... Everyone can enter the mkt thinking of making the big bucks but not a lot think about a proper way to secure the big bucks.. Like today I was short @ 687.5 I took half the load off on just 5 ticks profit... & I let the rest run only toa calculated profit Tgt. Now before the mkt even got to 687.5 I had already planned everything.. A well planned trader is a successful trader, Its the only way you could be ahead of the game.. Everyday we all are in a battle of Tug of War anyone can take it either way... I would ask everyone trading fulltime or part time please not only have a strategy of making money, but also have a strategy set for you loss....
I have one thing to share with everyone, that probably most of you already know... your biggest enemy in trading is your brain, & it acts against you if you dont feed it enough information.. If everything is pre-defined before you enter a trade.. your mind will be prepared & will handle all the pressure easily....
The bottom line is to be successful one has to act successful, & the only way you could have that mindset is to make a plan prior to entering a trade.
Everyone says let your profits run & cut your loses. but I would say cut your loses & save your profits by locking them.. dont make a winner into a loser..
If I was still trading I would have countertraded 697 & see how it would react... if not B.E or take a small profit.. & then counter 702.5 & see how it reacted...
well either way I would have been a winner.. If i traded..
