9 replies to this topic

[CLK]

Front running markets is a losing way to trade. Must be lots of people here that don't mind refilling their trading accounts with new capital on a regular basis, they may even be addicted to losses because nothing has ever been different. It can't be done, sooner rather than later the sum of wrong predictions leads to losses that can't be recovered from.

 

Just follow price, you can't do any better.

Edited by CLK, 28 April 2018 - 07:01 PM.

[da_cheif]

Front running markets is a losing way to trade. Must be lots of people here that don't mind refilling their trading accounts with new capital on a regular basis, they may even be addicted to losses because nothing has ever been different. It can't be done, sooner rather than later the sum of wrong predictions leads to losses that can't be recovered from.

 

Just follow price, you can't do any better.

>predictions leads to losses that can't be recovered from.<  yup   thats the problem with bears

[OEXCHAOS]

Front-running tops is a great way to empty out your account. Front-running bottoms is a great way to fill it up, generally. You just have to be able to differentiate Bull markets from Bear markets (or markets that ACT LIKE Bear markets).

 

Mark

[SemiBizz]

Holding Sucks...

 

From Today's Forecasts:

 

SPX 2018 -  4 months gone SPX has gone NOWHERE - Attached is a chart that  shows this... we opened the year at 2683 and we closed Friday at 2669.91, we are in a long protracted triangle that began in late January... And here's where it is, we have to break the low of 2532.69 or we are going to push much higher...because in a long sideways move energy gets built by frustration of bulls and bears alike, only the brokers and TRADERS make money in a sideways market.  So with that in mind, this is still a day-to-day definition here,  it's a long way to 2532.. 137 SPX points.

 

[da_cheif]

worry will killya  ..;.thats why most are day traders   ...only the knowledgeable knows when to holdem and foldem  

[chem]

While some may see this as a prediction I would consider this better described as a mental framework utilizing recent market action to formulate a logical progression and outcome. An answer to 'What is the market trying to do?' is of utmost import to confidently trade IMO; BUT, that in no sense means that one should blindly march along the presupposed path. Whether someone day or swing trades, by placing a trade you are implicitly affirming that you have an inkling as to outcome. And yet, even if the market decides to do nothing remotely resembling what was envisioned this provides new info and yields further input to reappraise the question 'What is the market trying to do?'. With that in mind, for the upcoming week I envision an overall move down with a cash close below 2581 and an infra-day spike holding above 2553 to complete the overall corrective structure. Cyclically I am picturing this year as resembling '86 and potentially '19 as a reincarnation of '87.

[da_cheif]

While some may see this as a prediction I would consider this better described as a mental framework utilizing recent market action to formulate a logical progression and outcome. An answer to 'What is the market trying to do?' is of utmost import to confidently trade IMO; BUT, that in no sense means that one should blindly march along the presupposed path. Whether someone day or swing trades, by placing a trade you are implicitly affirming that you have an inkling as to outcome. And yet, even if the market decides to do nothing remotely resembling what was envisioned this provides new info and yields further input to reappraise the question 'What is the market trying to do?'. With that in mind, for the upcoming week I envision an overall move down with a cash close below 2581 and an infra-day spike holding above 2553 to complete the overall corrective structure. Cyclically I am picturing this year as resembling '86 and potentially '19 as a reincarnation of '87.

u worry to much...watch the sky  .....dont look back look forward .....the best is yet to come

[CLK]

I think when one is trading off an indicator looking for a turn, stop placement is crucial, it get's down to often times relying

on the one minute to fine tune the stop, all of that is a lot of work and stress to me, trying to make sure I don't get stopped,

which I often do a couple times just trying to get a trade started. Indicators are often wrong, so the stop placement has to be

tight to reduce the drawdowns, but multiple stop outs can wear you down and want to quit for the day because now you 

have some decent losses to make up for. There are a lot of false starts around turning points, so even if you get the trade going

there is usually not much mileage to it. Trading price only, is different, because if you can clearly determine that the turn has

happened and place the trade, then there may be one retrace, but it's the last one and quickly moves in your favor, stops

don't get hit because you can give them room. The rare whipsaws can't be avoided but it's a lot better than multiple stop outs or

worse, hedging.

[12SPX]

Holding Sucks...

 

From Today's Forecasts:

 

SPX 2018 -  4 months gone SPX has gone NOWHERE - Attached is a chart that  shows this... we opened the year at 2683 and we closed Friday at 2669.91, we are in a long protracted triangle that began in late January... And here's where it is, we have to break the low of 2532.69 or we are going to push much higher...because in a long sideways move energy gets built by frustration of bulls and bears alike, only the brokers and TRADERS make money in a sideways market.  So with that in mind, this is still a day-to-day definition here,  it's a long way to 2532.. 137 SPX points.

 

And premium option sellers lol!!   Then again even in trending markets we just have to go further out!

[chem]

While some may see this as a prediction I would consider this better described as a mental framework utilizing recent market action to formulate a logical progression and outcome. An answer to 'What is the market trying to do?' is of utmost import to confidently trade IMO; BUT, that in no sense means that one should blindly march along the presupposed path. Whether someone day or swing trades, by placing a trade you are implicitly affirming that you have an inkling as to outcome. And yet, even if the market decides to do nothing remotely resembling what was envisioned this provides new info and yields further input to reappraise the question 'What is the market trying to do?'. With that in mind, for the upcoming week I envision an overall move down with a cash close below 2581 and an infra-day spike holding above 2553 to complete the overall corrective structure. Cyclically I am picturing this year as resembling '86 and potentially '19 as a reincarnation of '87.

 

While some may see this as a prediction I would consider this better described as a mental framework utilizing recent market action to formulate a logical progression and outcome. An answer to 'What is the market trying to do?' is of utmost import to confidently trade IMO; BUT, that in no sense means that one should blindly march along the presupposed path. Whether someone day or swing trades, by placing a trade you are implicitly affirming that you have an inkling as to outcome. And yet, even if the market decides to do nothing remotely resembling what was envisioned this provides new info and yields further input to reappraise the question 'What is the market trying to do?'. With that in mind, for the upcoming week I envision an overall move down with a cash close below 2581 and an infra-day spike holding above 2553 to complete the overall corrective structure. Cyclically I am picturing this year as resembling '86 and potentially '19 as a reincarnation of '87.

Well half way there in 1.5 days - ideal target 2568 - 2558 by Friday would be best  - watch out for spike low (quick reversal from this area) - if 2553 is broken expect a final move down to 2465ish not my number 1 pick for outcome at present.