st trade
#1
Posted 10 July 2007 - 08:52 AM
The future is 90% present and 10% vision.
#2
Posted 10 July 2007 - 09:00 AM
1980 and 1520 as we speak. it wont take much for momo to gather to the downside if it is coming of course.
stops in at 1530 and 2000. all cash prices.
good trading.
still overall v bullish, so this is a st trade.
thats dangerous imo.....puts u in a bad postion......unless of course......
#3
Posted 10 July 2007 - 09:04 AM
The future is 90% present and 10% vision.
#4
Posted 10 July 2007 - 09:16 AM
#5
Posted 10 July 2007 - 09:26 AM
Tor,
We are approaching the 10-10:30 CIT and we are VST oversold. Typically this resolves in a bounce. The payoff is generally better shorting that bounce. Again, i don't know the timeframe of your trade, so it's not appropriate for me to comment here. I do this VST stuff for a living and coudn't control my urge not making that observation. Good luck with your trade !
Gotta strongly agree with NAV here; 10:00 was a time to lighten up on short. 11:00 or so if trend does
not reverse (reversing is not likely at this point given the degree) will offer another short. Typical Tuesday trend profile.
#6
Posted 10 July 2007 - 09:28 AM
The future is 90% present and 10% vision.
#7
Posted 10 July 2007 - 10:47 AM
#8
Posted 10 July 2007 - 11:08 AM
yeah, second that - nav is right.
speaking of which, nav - do you have any way of measuring wether a v-bottom has a certain chance of getting retested during the same day? i am looking at a 30 min chart.
jjc can you explain more of the typical tuesday profile?
rkd80,
There is still a high potential for a retest of morning lows. Watch the 30-min CCI. If it busts above the zero line decisively, forget about the retest.
#9
Posted 10 July 2007 - 11:11 AM
#10
Posted 10 July 2007 - 11:15 AM
Sure, statistically speaking: Typically Trend days will have a counter move (bounce) 1 hour to 1.5 hours intoyeah, second that - nav is right.
speaking of which, nav - do you have any way of measuring wether a v-bottom has a certain chance of getting retested during the same day? i am looking at a 30 min chart.
jjc can you explain more of the typical tuesday profile?
play. Days of the week have there own (statistically significant) time for a low (or high, suprizingly symetrical). Tuesday's bounce peak occurs typically around 11:00, and is unlike any other day of the week
(statistically speaking).
Normally such a large move in the overnight/morning will guarantee a trend day; however ATR is high these days with the increase in volatility and the size of the move in relative terms is marginal. In short I'm waiting on the markets response to Ben's words.
I might add here the purge down distance as it stands now is not un-characteristic of a shake out of weak handed longs.
I might add here that I don't think the trading competition comes from other traders during these days;
it is the institutions and I don't think sharing information hurts any edge I may have.