Edited by NAV, 09 February 2011 - 04:06 PM.
Not sursprised
#1
Posted 09 February 2011 - 04:01 PM
#2
Posted 09 February 2011 - 04:09 PM
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Posted 09 February 2011 - 04:18 PM
It's always tough going against the prevailing tide.
Fib
Thanks for the wisdom
#4
Posted 09 February 2011 - 04:23 PM
wonder why people keep doing it?It's always tough going against the prevailing tide.
Fib
#5
Posted 09 February 2011 - 04:23 PM
Reversed my shorts at 1318 to longs at 1320 near the close. 2 point loss on the short trade.
P.S. I will let the night monkeys work towards a gap-up now.
NAV - I'd have kept the short positions.
Good trading.
#6
Posted 09 February 2011 - 04:27 PM
#7
Posted 09 February 2011 - 04:30 PM
#8
Posted 09 February 2011 - 04:41 PM
Since Dec 1 few hourly sell signals failed to derail daily up trend!
will night monkeys let it derail this time?
Hi Vitaminm,
While I remember that Nav often uses an hourly chart, I don't consider that time frame to be high-frequency.
Later,
Wu
#9
Posted 09 February 2011 - 04:50 PM
Not a question of being smart or not. It was a general statement based on the total package. Even in a rip tide there's the occasional eddy. Sometimes you catch, sometimes you don't.Fib's comments imply that the trade was not smart. Perhaps I am reading Fib's comments incorrectly.
Day traders play by different rules. There will always be opportunities to go against the bigger tide, but it really depends on high deep the waters are when you go into the pool.wonder why people keep doing it?
In the bigger context, it's human nature to try to "outwit, outplay, and outlast" the competition even if the odds are against you....it's just the way we're wired.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#10
Posted 09 February 2011 - 05:13 PM
SPX..S@1313..........1300..........1290 ..........as posted on other thread!
http://barchart.com/.....F09/2011#jump
Since Dec 1 few hourly sell signals failed to derail daily up trend!
will night monkeys let it derail this time?
Hi Vitaminm,
While I remember that Nav often uses an hourly chart, I don't consider that time frame to be high-frequency.
Later,
Wu