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Interesting. I could see it either way, as a breakout, pullback and then more down, or more down tomorrow due to a bit of divergence in the mid-term and then a nice big push up. My indi's are telling me SHORT right this minute.
Can you help answer these questions from other members on NexusFi?
Yup. I believe some air will be let out of the market, but that is just opinion and not really based upon technicals.
If QE3 starts up, then I am wondering what that will do! I think I am getting smarter in understanding what kind of trades to take during market conditions changing. I am still not 'implementing' that yet, but when I don't do it, I see it.
like today, I could choose to only take shorts because of the current conditions.
Decent trade, but the direction was down. I saw some divergence so I thought a nice long trade could be in order, but not till much later obviously.
Considering the direction, I need to focus on the shorts and not do what I just did when the market ran up for 9 months straight shorting the entire time. Time to learn to hit the directions with the trend.
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
again, I commend you on your modest accomplishments
we used to say on the floor, that on days, where the premarket DJIA was up over 100+ points, it would be the hardest days to trade, let alone be on the floor, and it would test the mettle of the newbies, which it did.
days like today, when the charts lie, and the indicators go batty, and the selling is from both liquidation at any cost, as well as collapse from failing firms, being muted in the noise, whilest others are dip buying, only to walk prices up into an ambush of furious selling,
are simply the hardest. ever see the rats get so scared, they jump off the ship into the ocean and drown?, it happens, when they can't make sense of risk exceeding their quotients
same scenario applies today, traders beware and if you're not already fat with profits, no sense risking hard earned capital thinking these one way markets are easy to tread upon
sounds like someone that either lost their nerves, or is a veteran from many wars, and lives to fight another day...
If you could lock some profit that's already a good job. Even against the trend.
You saw it, you got in and you got out with profit. That's all that matters.
If you watched Horst's videos lately you can see him trading with the trend taking trades from the mid band or 38%.
It was pretty tough for me also, but I think if you can manage to close with some green it's already a good day.
Yes, I have been focusing on trying to figure out how to find that trend without getting mixed up. If things get volatile again like a few years ago, then I would like to get into those larger runs. Been looking at a few different things to see it from a different perspective. The key is to keep the small stops and hit the trends...
Horst is great... I don't know how he squeaks the 1.5 points every day off the ES, but he does... Amazing to me. Imagine doing that with 400 contracts. The ES reminds me of trying to dance with a lubricated alligator. haha...
TF like a sassy Argentine dancing the Tango and needing a lead partner!
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 796 since Oct 2009
true, false, indifferent,
but I received, like so many other traders, an email from Roger Felton's services,
they claimed big success today, and all this week, in fact, on 2 contracts, over $2,000 today alone, and some $7.700 for the week cumulative, and a hope of ending the week over $10,000
now, we who have been in the trenches, know that there are some reaping the world wind,
but what I wanted to focus upon, was the (possibly disturbing) notion that either we're doing something wrong, or someone is doing something a whole lot better than our efforts, which is possbile
either way to sunday, whether or not they post here or share or not, it would be welcome to see such realistic charts and logs as found on these threads by (what certainly appears to be) real traders
My indi's are telling me SHORT right this minute. 
