DislikedOpen your market watch (symbol list) right click and make sure you "show all". Scroll down and DOW is listed as YMMO.(June 2010 mini-sized DOW).Ignored
- #245,461
- May 20, 2010 10:23am May 20, 2010 10:23am
- Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts
- #245,462
- May 20, 2010 10:24am May 20, 2010 10:24am
- Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts
- #245,464
- May 20, 2010 10:32am May 20, 2010 10:32am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Most important thing is that you spot and start your trade right direction.
I just cant understant people who trade with weekly or monthly basis, some rely on moon cycle or whatever crap
How they can predict anything weekly/monthly/yearly basis and feel confident. The trading concept is already wrong here in my opinion.
Big timeframes consists of small ones and not opposite.
To trade confidently and consistently winning, trades should be manually executed and should not be more than 1-15min long. That works smoothly when there is knowledge behind thinking, chart reading and spotting currency related weaknesses.
I mean, compared to poker, i could not do it as a daily work.
Poker has a worse probability to succeed and even when you win 9/10 premium hands (start with pairs/premium suited), you are in the big pot with lost hand and there might be all the money in stake, earned from daily work.
I just cant understant people who trade with weekly or monthly basis, some rely on moon cycle or whatever crap
How they can predict anything weekly/monthly/yearly basis and feel confident. The trading concept is already wrong here in my opinion.
Big timeframes consists of small ones and not opposite.
To trade confidently and consistently winning, trades should be manually executed and should not be more than 1-15min long. That works smoothly when there is knowledge behind thinking, chart reading and spotting currency related weaknesses.
I mean, compared to poker, i could not do it as a daily work.
Poker has a worse probability to succeed and even when you win 9/10 premium hands (start with pairs/premium suited), you are in the big pot with lost hand and there might be all the money in stake, earned from daily work.
They think they are smarter than I am.
- #245,466
- May 20, 2010 10:35am May 20, 2010 10:35am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
Larry Kudlow's line is always: "Free market capitalism". Shame on him.
"pay no attention to the man behind the curtain." is their motto. they pull the strings.
if you don't believe me look at the commercials. that's who pays cnbc, bloomberg, forbes. fox ect.
those who can, do. those who cant, talk about those who can
- #245,467
- May 20, 2010 10:37am May 20, 2010 10:37am
Most important thing is that you spot and start your trade right direction.
I just cant understant people who trade with weekly or monthly basis, some rely on moon cycle or whatever crap
How they can predict anything weekly/monthly/yearly basis and feel confident. The trading concept is already wrong here in my opinion.
Big timeframes consists of small ones and not opposite.
To trade confidently and consistently winning, trades should be manually executed and should not be more than 1-15min long. That works smoothly when there is knowledge...
- #245,468
- May 20, 2010 10:38am May 20, 2010 10:38am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
As expcted 245449
Doing what you like is Freedom. Liking what you do is Happiness.
- #245,470
- May 20, 2010 10:44am May 20, 2010 10:44am
- Joined Jan 2010 | Status: Primary Technical Trader | 8,593 Posts
- #245,471
- May 20, 2010 10:44am May 20, 2010 10:44am
- | Joined Aug 2009 | Status: Trader | 1,074 Posts
I just cant understant people who trade with weekly or monthly basis
.How they can predict anything weekly/monthly/yearly basis and feel confident.
Because I'm better at analysing overall global movement than I am analysing minute-by-minute action. I find it far clearer, more enjoyable, far less timing consuming, and more profitable.
To trade confidently and consistently winning, trades should be manually executed and should not be more than 1-15min long. That works smoothly when there is knowledge behind thinking, chart reading and spotting currency related weaknesses.
How ridiculous that you think trades should be so short. Do you think longer intraday and longer are throwing darts at a newspaper? Very fast trading requires good, specific skills, while longterm trading really only needs a decent understanding of market cycles.
- #245,475
- May 20, 2010 10:51am May 20, 2010 10:51am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
is everyone still hold short and expecting down to 2280 ?
if so...i will short from here
Dont ask what everyone is expecting you need to make this decision for yourself. Please use your own due diligence. Today and yesterday i have learned huge lessons.
Know when to hold em, Know when to fold em!
- #245,476
- May 20, 2010 10:54am May 20, 2010 10:54am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #245,477
- May 20, 2010 10:56am May 20, 2010 10:56am
- Joined Oct 2008 | Status: Trader | 3,473 Posts
Trade on your own risk
Plan your trade&trade your plan dont be a 
- #245,478
- May 20, 2010 10:57am May 20, 2010 10:57am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #245,479
- May 20, 2010 10:57am May 20, 2010 10:57am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Not all of us are scalpers
Because I'm better at analysing overall global movement than I am analysing minute-by-minute action. I find it far clearer, more enjoyable, far less timing consuming, and more profitable.
How ridiculous that you think trades should be so short. Do you think longer intraday and longer are throwing darts at a newspaper? Very fast trading requires good, specific skills, while longterm trading really only needs a decent understanding of market cycles.
Longer timeframes give much more exposure to risk. Too much unexpected factors partying around.
I am somewhat sceptical so i want my trade to materialize as fast as possible
I can always re-entry if i see it proper.
They think they are smarter than I am.
Not all of us are scalpers
Because I'm better at analysing overall global movement than I am analysing minute-by-minute action. I find it far clearer, more enjoyable, far less timing consuming, and more profitable.
How ridiculous that you think trades should be so short. Do you think longer intraday and longer are throwing darts at a newspaper? Very fast trading requires good, specific skills, while longterm trading really only needs a decent understanding of market cycles.