Volatility....
Started by
NAV
, Aug 08 2007 03:14 PM
11 replies to this topic
#1
NAV
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Posted 08 August 2007 - 03:14 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
#2
LarryT
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Posted 08 August 2007 - 03:19 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
I CALL THIS A "ROCKETS AND ANVILS" DAY. IF Thursday does not trade below 1477 we wil have a down cycle failure, a rare event. If it does trade below 1477 Thursday then the market did trade lower than the previous cycle high on 8-02
LT d:^)
Edited by LarryT, 08 August 2007 - 03:20 PM.
#3
skyymaster
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Posted 08 August 2007 - 03:23 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
NAV, thanks for your contributions. Please do not leave to take a toliet break. We need you.
I am bringing this to your attention to help you so you can help us novices. You can take a toliet break at your computer. Check this out and it is only $14.99
http://www.target.co...gt_adv_XSG10001
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#4
GOOSE2
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Posted 08 August 2007 - 03:25 PM
If your putting on 5 or 6 trades a day in this market and making money, you are good!
If a daytrader can trade this market well, he can trade any market.
I was going to take the today off, but put on 3 trades, made money on 2 of the 3. Only netted .75p , yes 3/4 of a pt. HA! Maybe I should of stayed with my plan to take the day off.
WOW.
I feel like I should go to the gym and put in some training, this is fall '98 all over again. I need beer.
#6
NAV
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Posted 08 August 2007 - 03:29 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
NAV, thanks for your contributions. Please do not leave to take a toliet break. We need you.
I am bringing this to your attention to help you so you can help us novices. You can take a toliet break at your computer. Check this out and it is only $14.99
http://www.target.co...gt_adv_XSG10001
#7
skyymaster
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Posted 08 August 2007 - 03:34 PM
Markets fluctuate
This feels more like gyration and I love it.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#8
NAV
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Posted 08 August 2007 - 03:34 PM
Absolutely amazing ! 50-60 SPX point swings in a couple of hours both yesterday and today. In this market, either you are quick or dead. Timing is everything for the VST folks. I have developed so much distrust over this market over the last few weeks, that i don't trust both the up and downside. Just mindlessly playing the signals from my system, without having a real feel for the market.
As i said in my morning post, it's a battle between the daily and weekly at this point, which is still unresolved. Once it's resolved, a massive move is coming. Until then, smart traders, who don't paint themselves as bulls or bears have opportunity for some good money on both the sides.
P.S: After sometime, this kind of volatility can ruin a trader's bladder. Gosh, i can't even take a bathroom break
I CALL THIS A "ROCKETS AND ANVILS" DAY. IF Thursday does not trade below 1477 we wil have a down cycle failure, a rare event. If it does trade below 1477 Thursday then the market did trade lower than the previous cycle high on 8-02
LT d:^)
Larry,
What's the implication of the cycle failure in your work ?
#9
arbman
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Posted 08 August 2007 - 03:35 PM
nice hat you got, I like the sticks in my curly hairs though, keeps me focused...
$:^)
#10
NAV
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Posted 08 August 2007 - 03:39 PM
If your putting on 5 or 6 trades a day in this market and making money, you are good!
If a daytrader can trade this market well, he can trade any market.
I was going to take the today off, but put on 3 trades, made money on 2 of the 3. Only netted .75p , yes 3/4 of a pt. HA! Maybe I should of stayed with my plan to take the day off.
WOW.
I feel like I should go to the gym and put in some training, this is fall '98 all over again. I need beer.
I hear ya. Yep, 98 all over again !
