Not sure if I am the only one getting whipsawed to death by
these markets the last couple of weeks. If anyone is having
success trading this, please share your strategy. My
indicators are flipping red to green to red (rinse, repeat) - it's
killing me!
I'm not a day trader, so I have to wait for good swing set ups.
These have been few and far between, so my strategy is to do
nothing. It get's frustrating to sit in cash while things
rocket to the moon, but I take comfort with a few wins while
avoiding a big mistake.
Cash is a position, and its better than churning your account
(if you can avoid it).
Brutal market trading
Posted by pebs on 1st of Aug 2013 at 12:52 pm
Not sure if I am the only one getting whipsawed to death by these markets the last couple of weeks. If anyone is having success trading this, please share your strategy. My indicators are flipping red to green to red (rinse, repeat) - it's killing me!
I'm not a day trader,
Posted by oops1e on 1st of Aug 2013 at 03:58 pm
I'm not a day trader, so I have to wait for good swing set ups. These have been few and far between, so my strategy is to do nothing. It get's frustrating to sit in cash while things rocket to the moon, but I take comfort with a few wins while avoiding a big mistake.
Cash is a position, and its better than churning your account (if you can avoid it).
Good luck!
sine wave pattern
Posted by roger on 1st of Aug 2013 at 04:05 pm
every market has a pattern
https://stockcharts.com/h-sc/ui?s=$SPX&p=30&b=9&g=5&id=p71926261988&a=310935418
trade with bias toward the positive divergence ( macd above price )
fixed
Posted by roger on 1st of Aug 2013 at 04:07 pm
or negative divergence ( macd below price )
It's comforting to know I'm
Posted by arkgirl on 1st of Aug 2013 at 03:45 pm
It's comforting to know I'm not the only one being whipsawed to death. :) :(
it's fu@#$king killing me bleeding
Posted by quadratic on 1st of Aug 2013 at 01:07 pm
it's fu@#$king killing me bleeding like hell, thank god I only have 20% in and the rest in cash.
But I have been waiting for a nice pull back to get in, so far I missed the June one.
I'm in the exact same
Posted by sbwoman on 1st of Aug 2013 at 01:37 pm
I'm in the exact same boat, just waiting for the big pullback.
im thinking this next pullback
Posted by himsa on 1st of Aug 2013 at 01:29 pm
im thinking this next pullback is gonna be a good one. 1550. or so
It looks like a head
Posted by rbreese on 1st of Aug 2013 at 01:34 pm
It looks like a head and shoulder top forming on SPX. It may not really rollover until mid August though. Good trading.