Thats why I am only trading the 60 min chart on most of my
trades. You get crushed for holding more than two days.
I stopped trading futures because the overnight I would get
stopped out 90% of my trades and reverse in the morning.
Posted by rollerblader on 7th of Apr 2020 at 03:48 pm
Do you not find it can be quite a move up or down
when following the 60 min? If I'm day trading I'll usually follow
the 3, 5 and 15 minutes. That gives me an idea ( not necessarily
correct) on the trend. Hoping your actions/ideas can be helpful to
me. Thank you
SPX 60 min candle zoom
Posted by matt on 7th of Apr 2020 at 02:43 pm
$SPX - Chart Link - if you are still short this morning from the doji, your stop could be moved down now I think, take some profits though
Never bad to take profits
Posted by retirefire on 7th of Apr 2020 at 02:52 pm
Never bad to take profits but I struggle fighting the SPY system.
When the VIX is still
Posted by ssaffer on 7th of Apr 2020 at 02:57 pm
When the VIX is still this elevated you have to stay nimble on either side.
got it, swings are huge.
Posted by retirefire on 7th of Apr 2020 at 03:01 pm
got it, swings are huge. Overnight is brutal
Thats why I am only
Posted by ssaffer on 7th of Apr 2020 at 03:18 pm
Thats why I am only trading the 60 min chart on most of my trades. You get crushed for holding more than two days. I stopped trading futures because the overnight I would get stopped out 90% of my trades and reverse in the morning.
Do you not find it
Posted by rollerblader on 7th of Apr 2020 at 03:48 pm
Do you not find it can be quite a move up or down when following the 60 min? If I'm day trading I'll usually follow the 3, 5 and 15 minutes. That gives me an idea ( not necessarily correct) on the trend. Hoping your actions/ideas can be helpful to me. Thank you
I unloaded the SPY short
Posted by retirefire on 7th of Apr 2020 at 03:34 pm
I unloaded the SPY short for small loss and not complaining. I'm allowing myself to get whip sawed. Very tough time. I think CASH is a position