5 replies to this topic

[viccarter]

This is the second time this week market has failed to give me more than a 0.50% runup after good entries.  I don't ball for 7 or 8 handles profit.  It is not worth your risks as a swing trader to do so, because you will have your risks like this Wednesday.

 

Reason is lack of volatility and failure of distribution leading signals to result in any new volatility.  This has been a wasted week of trading.  Profits gained by XOP/GDXJ have been almost entirely neutralized by one bad R2K trade and another scratch.  I will probably back off of trading R2K for the near term, meaning I won't take the signals that I would normally take until I see some volatility return.  Will stay sharp for other opportunities in energy or gold/miners if I see setups.

[SemiBizz]

It's all about light volume - think of a pitot tube in an airplane... as long as there is a strong volume of air current you can get a good reading, but if something blocks that tube and less air pushes through it, your readings go haywire...

 

To me the best signals come from strong volume...

 

And I discount the indicators on light volume.... have to have aberrant output verified by other indicators (cross check instruments), especially during summer and holiday trading times...

[da_cheif]

This is the second time this week market has failed to give me more than a 0.50% runup after good entries.  I don't ball for 7 or 8 handles profit.  It is not worth your risks as a swing trader to do so, because you will have your risks like this Wednesday.

 

Reason is lack of volatility and failure of distribution leading signals to result in any new volatility.  This has been a wasted week of trading.  Profits gained by XOP/GDXJ have been almost entirely neutralized by one bad R2K trade and another scratch.  I will probably back off of trading R2K for the near term, meaning I won't take the signals that I would normally take until I see some volatility return.  Will stay sharp for other opportunities in energy or gold/miners if I see setups.

https://www.bloomber...t-they-thriving

[pdx5]

It should be obvious by now even to casual observers, that going IT/LT short is hazardous so long as Trump remains in office.

But many traders can get lost in the woods focusing on individual  trees.

[da_cheif]

It should be obvious by now even to casual observers, that going IT/LT short is hazardous so long as Trump remains in office.

But many traders can get lost in the woods focusing on individual  trees.

yur kidding.    rite?

[viccarter]

Thanks, but don't trade IT/LT and don't need trading advice.