Edited by MikeyG, 19 February 2012 - 05:57 PM.
We are about to have a huge gap up
#1
Posted 19 February 2012 - 05:56 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#2
Posted 19 February 2012 - 06:00 PM
On the ES...
Per currencies...
See how big it's going to be...
1392 is a reversal area.... a huge gap up means it leaves room for an enormous move down. I would rather see some consolidation before moving much higher.
* Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. I do not know your specific risk tolerance or situation
#3
Posted 19 February 2012 - 06:01 PM
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#4
Posted 19 February 2012 - 06:05 PM
On the ES...
Per currencies...
See how big it's going to be...
1392 is a reversal area.... a huge gap up means it leaves room for an enormous move down. I would rather see some consolidation before moving much higher.
1392, I don't know, starting to feel like there is no top here...
Price can run with divergence for awhile...
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#5
Posted 19 February 2012 - 06:36 PM
#6
Posted 19 February 2012 - 06:42 PM
Instead of giving up trading, why not just give up counter trend trading?Nights like this make me feel like giving up trading.
If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.
#7
Posted 19 February 2012 - 06:43 PM
Nights like this make me feel like giving up trading.
If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.
Don't give up, learn from mistakes and adjust your system accordingly...
mdgcapital@protonmail.com
papilioinvest.com
@papilioinvest
"One soul is worth more than the whole world."
#8
Posted 19 February 2012 - 06:48 PM
Instead of giving up trading, why not just give up counter trend trading?Nights like this make me feel like giving up trading.
If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.
Internals were not there on the late rally, Friday. Run is getting old so counters should be less risky.
They pull these stunts over weekends in the futures markets, I doubt it holds in the day session.
#9
Posted 19 February 2012 - 06:49 PM
#10
Posted 19 February 2012 - 06:55 PM
You may be right, but....my point has nothing to do with whether we go up or down from here in the next 48 hours. It has to do with a general trading concept...in response to your original post. Best, DInstead of giving up trading, why not just give up counter trend trading?Nights like this make me feel like giving up trading.
If I were a futures trader I'd be shorting into this, the divergences of Friday have to be adjusted for,
so any gap up gets filled, minimum.
Internals were not there on the late rally, Friday. Run is getting old so counters should be less risky.
They pull these stunts over weekends in the futures markets, I doubt it holds in the day session.