28 replies to this topic

[CLK]

China vice commerce minister to visit US for talks.

 

Maybe the downtrend will resume Friday.

[trioderob]

no the downtrend will be over unless the talks fall apart - the market will rally for weeks on any good tariff news

[fib_1618]

Maybe the downtrend will resume Friday.

 

This is your basic, everyday trading range that started last month...the "trend" is sideways.

 

Fib

[CLK]

 

Maybe the downtrend will resume Friday.

 

This is your basic, everyday trading range that started last month...the "trend" is sideways.

 

Fib

 

 

I trade the hourly, not the daily, the trend is down until 2830 closes.

[Data]

The trend is up but the channel is wide and loose, not usually the kind associated with a strong uptrend.

[da_cheif]

The trend is up but the channel is wide and loose, not usually the kind associated with a strong uptrend.

really?

[CLK]

This I understand. 

 

Buy, if it turns down, go to cash, never short. Stress free investing.

 

 

[fib_1618]

 

Maybe the downtrend will resume Friday.

 

This is your basic, everyday trading range that started last month...the "trend" is sideways.

 

The short term "trend" (2-6 weeks) is sideways (not be confused with the near term (hourly) or intermediate (2-6 months) trends.

 

Fib

 

 

 

 

 

[CLK]

My system went to a buy at 2836, immediately jumped 16 points in the money no drawdown. I just need to

figure out better how to trade it with options, sometimes it pulls back 10 points first, so maybe 5 days time

but take some profits on 20-30 points, at 50 points be out all because it rarely goes more than that without

a 20-30 point retrace first.

[fib_1618]

Here's the thing...

 

Without knowing the short term "trend", it becomes highly difficult to trade the hourly as to its larger overall "bias" and, whoosh, something like today takes place when you might be fully committed on the other side of the trade.

 

Therefore, systems are nice, but knowing whether the waters or smooth or choppy can be the difference between a good trade and one that could had been better exploited and to better profitability.

 

For further example, when in a short term trading range, options are a complete "waste of time and money" due to time decay *unless* they are deeply in the money.

 

Fib