buying @ 998.5
stop 994.5
i think it goes to 1010 - 1015 and back to the lows.
BR
BruceM
Rep: 216,211
Posts: 19,895
seems like nobody wants to buy this gap up.....that makes cents........market has been selling off so would YOU want to chase a market higher that has been in a downtrend? Not me!!
BR
BruceM
Rep: 216,211
Posts: 19,895
got 88.75 ..trying for 81 on last one..or else 94.50 will take it out
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
the character of the market is different so from yesterday. Big $ was a buyer yesterday and small $ was a seller. Right now for the pit session bigs are -12600 net contracts and small $ is +8500 net contracts
BR
BruceM
Rep: 216,211
Posts: 19,895
nice one..that was/is a cool zone
quote:
Originally posted by Akola
still holding short from 1006 area
BR
BruceM
Rep: 216,211
Posts: 19,895
How often on average do these shift ? In other words will the big players shift to net long very often during the day while the small get more short?
quote:
Originally posted by prestwickdrive
the character of the market is different so from yesterday. Big $ was a buyer yesterday and small $ was a seller. Right now for the pit session bigs are -12600 net contracts and small $ is +8500 net contracts
CH
CharterJoe
Rep: 4,475
Posts: 2,352
quote:
Originally posted by koolblue
YEAH, Joe .. as i said i did! But i was sure it could be mastered and after using every system known at the time , i decided to be my own 'expert' and develop my own thing! been fine ever since!
Well said, You can hear it a million times but its whats needed...a system. I am counter trend trader most of the time so its a given that you'll draw down a fairly large amount at times. But my draw downs are smaller than my winners, and once losses occur I go smaller on contract size and then add back to it when things go back to normal. I don't need a new system I just wish I knew how to flip the counter trend trader off and turn on the trend trader in an instant.