How big the bounce?
#1
Posted 10 April 2012 - 06:30 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
Posted 10 April 2012 - 06:41 PM
#3
Posted 10 April 2012 - 07:01 PM
WWW
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=3&dy=0&i=p85200903176&a=94546561&r=1334104587617.png
Edited by Rogerdodger, 10 April 2012 - 07:36 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
Posted 10 April 2012 - 07:20 PM
It's so obvious. Too obvious?
WWW
If I think like that, I will never place a trade. I am aware of probabilities and know my worst case scenario.
Denleo
#5
Posted 10 April 2012 - 09:01 PM
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&st=2010-03-17&en=2010-07-01&i=p29476510164&a=219265881&r=1334109193310.png
http://stockcharts.com/c-sc/sc?s=$NYMO&p=D&yr=0&mn=4&dy=0&i=p98648445610&a=225433288&r=8814.png
#6
Posted 10 April 2012 - 09:53 PM
#7
Posted 10 April 2012 - 11:22 PM
Price Follows Breadth-Even Kings Shall Bow
Sure it does. The NYMO crossover you have shown on the chart and per the last discussion we had, price was around SPX 1350. Would you tell us how you managed the 75 point drawdown (from 1350 to 1425) while the king breadth was leading ?
BTW "Pure Price" based system took zero drawdown and gave a sell at 1386 as i posted last week.
#8
Posted 11 April 2012 - 01:44 AM
Price Follows Breadth-Even Kings Shall Bow
Sure it does. The NYMO crossover you have shown on the chart and per the last discussion we had, price was around SPX 1350. Would you tell us how you managed the 75 point drawdown (from 1350 to 1425) while the king breadth was leading ?
BTW "Pure Price" based system took zero drawdown and gave a sell at 1386 as i posted last week.
I acknowledge that. This is where pure price has its advantages. But over time, you lose some going in and out. Granted its less if you are going in and out on an hourly. You are gonna kill it on a trend move.
Breadth needs to be tracked and trades entered on mult-timeframes as well. Also, in powerful moves, price will INSIST. That is what happened today. It is quite possible to take a well-timed breadth entry and have price move 15-20 handles away from you in volatile markets. You have to acknowledge and manage that risk. It is part of the commission paid for trading breadth where you will catch some leading bottoms and tops, vs, price which will never catch the bottom or top.
#9
Posted 11 April 2012 - 01:52 AM
#10
Posted 11 April 2012 - 03:26 AM
Price Follows Breadth-Even Kings Shall Bow
Sure it does. The NYMO crossover you have shown on the chart and per the last discussion we had, price was around SPX 1350. Would you tell us how you managed the 75 point drawdown (from 1350 to 1425) while the king breadth was leading ?
BTW "Pure Price" based system took zero drawdown and gave a sell at 1386 as i posted last week.
sure enough as market had the worst week in 2012, Don made his presence felt...but shorting based on that model would have been unprofitable, as weeks went by w/ that "sell" internal and there was no gurantee that it wouldn't have flipped to "buy" signal by now...also a KISS position off a post like "hell hath no fury" would have made more shekels....