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Move higher now will be better shorts entry, move lower now can trap more shorts. best benefit to the house is move down first a day or two, then GAP! yes, we can GAP to the infinity and beyond.zombiebraingoo wrote:I hate this market - huge gaps overnight or at open and then no actionable info until the last hour of trading.
looks like upside break last hour to me though - if I had to bet (and I already have!) I'd bet we close above 1301
Not sure who benefits the most, but it sure has become a very difficult trading environment when you have to place overnight bets and wake up to bang or bust results..I am tired of losing large chunks of $$ to opening gaps, and have to work very hard to have the patience to let a few good trading days pan out in the regular session..perhpas there is a better way, like ES futures?
99er wrote:EkOnkaar: "Not sure who benefits the most, but it sure has become a very difficult trading environment..."
There is nothing wrong with being on the sidelines. Also, you may want to focus on swing trades for awhile if and when a suitable set-up appears in your charts. I take positions and let prices ride but many here appear focused on intra-day stuff. I guess the best rule is to do what you're comfortable with.
Thanks. I have always wanted to swing trade, but it is a lot harder. You need fairly wide stops to play that game, and I just don't trust the criminals. If you have some strategies, I would be very appreciative, like do you work with fibs, daily trend lines, indicators, whatever..99er wrote:EkOnkaar: "Not sure who benefits the most, but it sure has become a very difficult trading environment..."
There is nothing wrong with being on the sidelines. Also, you may want to focus on swing trades for awhile if and when a suitable set-up appears in your charts. I take positions and let prices ride but many here appear focused on intra-day stuff. I guess the best rule is to do what you're comfortable with.
Cobra its like a symmetrical triangle on daily chartCobra wrote:Volume surge, so could pullback from here.