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This is tiring

Started by NAV , Oct 03 2016 11:47 AM

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42 replies to this topic

#11 qqqqtrdr

Member

Traders-Talk User
3,220 posts

Posted 04 October 2016 - 08:10 AM

This trading environment is driving me nuts as well... All I can say for the last two weeks my charts have been bouncing each day from bullish to bearish and back again... This is often I sign of a turn in driection, but given the current environment and the shallow pullback we have, it is difficult to know if it is a top or bottom... If you a a VST trader you are loosing your shirt.. We'll see what today brings.... Yesterday US Car Sales was strong showing so no weakness in spending. .I'm on the wrong side of my GBPUSD trade at the moment....

Barry

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#12 tsharp

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1,487 posts

Posted 04 October 2016 - 08:56 AM

With gold taking a real clubbing today and the daily SPX in such a tight coil/wedgie, it may be today that the breakout finally happens... watching and waiting!

Link to SP00s Daily chart: https://postimg.org/image/6s9np9sux/

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#13 SemiBizz

Volume Dynamics Specialist

Traders-Talk User
23,208 posts

Posted 04 October 2016 - 08:58 AM

Nasdaq just gapped on up and over the upper DTL so it had no problem...

SPX is more of a cobra with a long tail on it that could be vicious...

Might take more time. More juice.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

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