it was fine to look for a bounce giving some divergences and 5
wave patterns - but again project, monitor, and adjust to what
happens, the key word is you adjust - I went long today, then I
flipped short
the talk about bullish W patterns and rallies to 4300 might have
been a distraction for some -wasn't something from us. but again as
trader you also be able to read various opinions and stick to
your triggers - we're all big boys, it's no one's fault, you are in
charge of your trades
Posted by bpozdoll1717 on 15th of Sep 2022 at 04:06 pm
I agree Matt. That’s why for the less experienced traders
keep it simple. Follow the systems. There are some real pros
on this site monitoring charts etc. They can manage a trade.
For those like me who need the next words of wisdom from the
gurus to manage a trade, play it safe. Stick to the
systems and then hold long term shorts. You will be much
happier. One day when you get the expertise you can trade
like the big boys and better leverage the great content on this
site.
Just to clarify I didn’t trade long or short indexes last 2
weeks barring some scalp shorts . Only individual stocks which have
been much better than indexes. I was the one that put that
potential W pattern. But that’s not a short term pattern. And
I only posed a question to Steve if that’s a potential
scenario. Just like how you had mentioned this morning and
yesterday we could see a move up. Anyways if that created any
distraction I apologize.
Yes I was the one who suggested that the W pattern could resolve
to the upside. To that end I entered one MESZ22 positions with
quite a tight stop because of the prevailing trend. I lost $100 on
that but picked up on the MNQZ22 positions that I am still
holding from the 12800 position.
Trading in the Antipodes is totally different to the way you
chaps in the USA trade. In our summer I get to the computer
at 06h30 for 1.5 hours before the close and therefore have to make
use of stops and also limit orders to catch the good trades.
I tend to trade futures and options on EOD prices. 80% of my
trades are based on BPT SPY and ES systems. I do though often use
both MES and MNQ positions especially when there could be a large
move in the making.
Posted by retirefire on 15th of Sep 2022 at 03:09 pm
… You know, I was
I was wondering, you know
If you could keep on
Because the force
It's got a lot of power
And it make me feel like, ah
It make me feel like, ooh
… Lovely is the feelin' now
Fever, temperatures risin' now
Power (oh power) is the force, the vow
That makes it happen, it asks no questions why (ooh)
So get closer (closer now)
To my body now
Just love me
'Til you don't know how (ooh)
… Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
MJ
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My shorts doing extremely well
Posted by kobie on 15th of Sep 2022 at 03:05 pm
My shorts doing extremely well !!!!
Great job man. Any downside
Posted by johnny2012 on 15th of Sep 2022 at 03:14 pm
Great job man. Any downside targets?
johnny2012 the trend is your
Posted by kobie on 15th of Sep 2022 at 03:27 pm
johnny2012 the trend is your friend..
Before today I said: *I am
Posted by kobie on 15th of Sep 2022 at 03:48 pm
Before today I said:
*I am already short
* I will add to shorts if we get a bounce
* I will not be chasing this market on a bounce
* if you play the long side its against the trend and extremely dangerous
* what is your strategy if you go long? Where is your stop? If you go long and the market keeps going down you will have to chase it to the downside
* I will not try and squeeze the the last few dollars out of a move...been burnt to often
* Not seeing a "W" bounce!
....both bullish and bearish setups
Posted by kobie on 15th of Sep 2022 at 03:34 pm
....both bullish and bearish setups was expecting a bounce....that threw teaders off their track....not to mention the divergences...
it was fine to look
Posted by matt on 15th of Sep 2022 at 03:42 pm
it was fine to look for a bounce giving some divergences and 5 wave patterns - but again project, monitor, and adjust to what happens, the key word is you adjust - I went long today, then I flipped short
the talk about bullish W patterns and rallies to 4300 might have been a distraction for some -wasn't something from us. but again as trader you also be able to read various opinions and stick to your triggers - we're all big boys, it's no one's fault, you are in charge of your trades
I agree Matt. That’s why
Posted by bpozdoll1717 on 15th of Sep 2022 at 04:06 pm
I agree Matt. That’s why for the less experienced traders keep it simple. Follow the systems. There are some real pros on this site monitoring charts etc. They can manage a trade. For those like me who need the next words of wisdom from the gurus to manage a trade, play it safe. Stick to the systems and then hold long term shorts. You will be much happier. One day when you get the expertise you can trade like the big boys and better leverage the great content on this site.
Just to clarify I didn’t
Posted by arun on 15th of Sep 2022 at 04:00 pm
Just to clarify I didn’t trade long or short indexes last 2 weeks barring some scalp shorts . Only individual stocks which have been much better than indexes. I was the one that put that potential W pattern. But that’s not a short term pattern. And I only posed a question to Steve if that’s a potential scenario. Just like how you had mentioned this morning and yesterday we could see a move up. Anyways if that created any distraction I apologize.
Yes I was the one
Posted by mundy on 15th of Sep 2022 at 05:54 pm
Yes I was the one who suggested that the W pattern could resolve to the upside. To that end I entered one MESZ22 positions with quite a tight stop because of the prevailing trend. I lost $100 on that but picked up on the MNQZ22 positions that I am still holding from the 12800 position.
Trading in the Antipodes is totally different to the way you chaps in the USA trade. In our summer I get to the computer at 06h30 for 1.5 hours before the close and therefore have to make use of stops and also limit orders to catch the good trades. I tend to trade futures and options on EOD prices. 80% of my trades are based on BPT SPY and ES systems. I do though often use both MES and MNQ positions especially when there could be a large move in the making.
arun I just thinknits difficult
Posted by kobie on 15th of Sep 2022 at 04:16 pm
arun I just thinknits difficult for somebody not whatching the screen all day to flip the switch and go the other way....stick with the trend.
My trading has been more
Posted by arun on 15th of Sep 2022 at 04:25 pm
My trading has been more peaceful avoiding indexes. There are still decent setups out there
Peaceful trading ← This is
Posted by simple_million on 15th of Sep 2022 at 04:34 pm
Peaceful trading ← This is the way
Matt what were the trigger
Posted by tmbrook1 on 15th of Sep 2022 at 03:51 pm
Matt what were the trigger or triggers you used today to flip from long to short.
I have 15, 5, 3,
Posted by matt on 15th of Sep 2022 at 03:52 pm
I have 15, 5, 3, 2, 1 min charts no Trading view with indicators that I use and patterns. don't have time at this moment to go into detaisl
expecting a bounce was expensive
Posted by srusso1 on 15th of Sep 2022 at 03:38 pm
expecting a bounce was expensive today
… You know, I was I was
Posted by retirefire on 15th of Sep 2022 at 03:09 pm
… You know, I was
I was wondering, you know
If you could keep on
Because the force
It's got a lot of power
And it make me feel like, ah
It make me feel like, ooh
… Lovely is the feelin' now
Fever, temperatures risin' now
Power (oh power) is the force, the vow
That makes it happen, it asks no questions why (ooh)
So get closer (closer now)
To my body now
Just love me
'Til you don't know how (ooh)
… Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
Keep on, with the force, don't stop
Don't stop 'til you get enough
MJ