Posted by pcampbell66 on 2nd of Sep 2008 at 04:34 pm
Looks llke bears will have the luxury of a failed high to work
with and a large rejection. RSI rolled over on the daily - looks
like game over for this market to me...be careful and watch the
indicators...
I traded long and short today...captured 55 points on ER2
today...my biggest day ever...shorts worked great and longs worked
great...but I am thinking short is the way to look after this
disaster of a day.
Posted by pcampbell66 on 3rd of Sep 2008 at 12:28 am
You can get rich or poor very fast with any future...but ER2 is
a litle more intense than most...gotta trust your indicators to
trade that one...I wrote a bunch of really smooth and fast MA's
helps making trading ER2 a breeze...today was an easy day for me
because of tht...I am quite sure that today was a miserable day for
a lot of folks...but you MUST have discipline - especially to trade
ER2, DAX and gold futures intraday
Posted by pcampbell66 on 3rd of Sep 2008 at 12:34 am
Did you happen to notice the DIP in the NASDAQ...? I certainly
would not call that a DIP nor would i
call disastrously engulfing a dip...nor would I
watch professional traders pump the market this am to trap bears
and then dump the market to traps bulls alike - a long tradable
market..the last time this happened was in May just before the last
major down turn...this down run will be far more surprising than
most think, especially given the horrible action today...personally
i do not care if the market is going up...i trade long and down i
trade short...i mostly trade futures so i am not particularly
motiviated by the trend for swing trades...but I do think that
given my experience trading ER2 and YM, NQ futures today was more
than a shot accross the bow and additionally...we STILL can not
break our ascending low's resistance line.
Be-careful, committing and holding longs...shorts are
less risky overall in my opinion. when I long my positions are 1/4
to 1/3 the size of my shorts
Good luck with your trades...I really hope that you make
money...but be careful and don't be confident...this is not a
market for confidence.
Bears are going to have
Posted by hornsant on 2nd of Sep 2008 at 03:52 pm
Bears are going to have a hard time tomorrow
Looks llke bears will have
Posted by pcampbell66 on 2nd of Sep 2008 at 04:34 pm
Looks llke bears will have the luxury of a failed high to work with and a large rejection. RSI rolled over on the daily - looks like game over for this market to me...be careful and watch the indicators...
I traded long and short today...captured 55 points on ER2 today...my biggest day ever...shorts worked great and longs worked great...but I am thinking short is the way to look after this disaster of a day.
Nice, I've traded ER2 before
Posted by matt on 2nd of Sep 2008 at 06:11 pm
Nice, I've traded ER2 before and the leverage is huge there, $100 per point per contract,
You can get rich or
Posted by pcampbell66 on 3rd of Sep 2008 at 12:28 am
You can get rich or poor very fast with any future...but ER2 is a litle more intense than most...gotta trust your indicators to trade that one...I wrote a bunch of really smooth and fast MA's helps making trading ER2 a breeze...today was an easy day for me because of tht...I am quite sure that today was a miserable day for a lot of folks...but you MUST have discipline - especially to trade ER2, DAX and gold futures intraday
buying all dips
Posted by delane on 2nd of Sep 2008 at 05:51 pm
Im opposite your trade. all the way
Did you happen to notice
Posted by pcampbell66 on 3rd of Sep 2008 at 12:34 am
Did you happen to notice the DIP in the NASDAQ...? I certainly would not call that a DIP nor would i call disastrously engulfing a dip...nor would I watch professional traders pump the market this am to trap bears and then dump the market to traps bulls alike - a long tradable market..the last time this happened was in May just before the last major down turn...this down run will be far more surprising than most think, especially given the horrible action today...personally i do not care if the market is going up...i trade long and down i trade short...i mostly trade futures so i am not particularly motiviated by the trend for swing trades...but I do think that given my experience trading ER2 and YM, NQ futures today was more than a shot accross the bow and additionally...we STILL can not break our ascending low's resistance line.
Be-careful, committing and holding longs...shorts are less risky overall in my opinion. when I long my positions are 1/4 to 1/3 the size of my shorts
Good luck with your trades...I really hope that you make money...but be careful and don't be confident...this is not a market for confidence.
Why?
Posted by dallahoo on 2nd of Sep 2008 at 04:06 pm
Why?