Comments on: Interesting Lessons from Friday’s Almost Trend Day Down http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: gamingthemarket http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182352 gamingthemarket Mon, 23 Feb 2009 09:38:06 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182352 There's nothing ironic about countertrend reversals after 2pm. Here is a trading strategy to take advantage of it. Anticipating PPT Days: http://www.gamingthemarket.com/2009/02/anticipating-ppt-days.html There’s nothing ironic about countertrend reversals after 2pm. Here is a trading strategy to take advantage of it.

Anticipating PPT Days:
http://www.gamingthemarket.com/2009/02/anticipating-ppt-days.html

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182253 Corey Rosenbloom Sun, 22 Feb 2009 16:46:26 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182253 Kevin, That's a discussion that could fill multiple posts! The short of it is that you don't - you're trying to assess probabilities as the day develops. Some things you can use as clues to form a hypothesis: Large Opening Gap Large surge in morning volume News Related item expected/announced Huge disparity in Breadth Extreme readings in TICK or TRIN Structure of moving averages And some other clues. As the day develops, the picture starts to come into focus. Kevin,

That’s a discussion that could fill multiple posts!

The short of it is that you don’t – you’re trying to assess probabilities as the day develops.

Some things you can use as clues to form a hypothesis:

Large Opening Gap
Large surge in morning volume
News Related item expected/announced
Huge disparity in Breadth
Extreme readings in TICK or TRIN
Structure of moving averages

And some other clues. As the day develops, the picture starts to come into focus.

]]> By: Kevin http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182241 Kevin Sun, 22 Feb 2009 14:13:49 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182241 Corey, Thanks for the great advice. I'm new at this and, I'm wondering, how do you know when it's a trend day, so that you can throw out all indicators etc? Thanks, Kevin Corey,

Thanks for the great advice. I’m new at this and, I’m wondering, how do you know when it’s a trend day, so that you can throw out all indicators etc?

Thanks, Kevin

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182148 Corey Rosenbloom Sat, 21 Feb 2009 17:08:31 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182148 Dominick, Glad to hear! Thanks for sharing. I try to keep it as simple and objective as possible, repeating the same set-ups across different days. Dominick,

Glad to hear! Thanks for sharing.

I try to keep it as simple and objective as possible, repeating the same set-ups across different days.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182146 Corey Rosenbloom Sat, 21 Feb 2009 17:07:32 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182146 David, Patience will save you in trading - it's not about any one particular trade, but about the series of trades and the strategies you use. We might get a Wave 4 counter rally next week indeed but we'll need to break the Nov lows for the Elliott count to play itself out. David,

Patience will save you in trading – it’s not about any one particular trade, but about the series of trades and the strategies you use.

We might get a Wave 4 counter rally next week indeed but we’ll need to break the Nov lows for the Elliott count to play itself out.

]]> By: Dominick http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182141 Dominick Sat, 21 Feb 2009 16:27:37 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182141 Thanks for the post Corey. The lesson provides great reinforcement. Also, it builds confidence to know that I am predominatly picking the same trade entries and exits that you are. Enjoy the weekend. Thanks for the post Corey. The lesson provides great reinforcement. Also, it builds confidence to know that I am predominatly picking the same trade entries and exits that you are. Enjoy the weekend.

]]> By: david http://blog.afraidtotrade.com/interesting-lessons-from-fridays-almost-trend-day-down/comment-page-1/#comment-182064 david Sat, 21 Feb 2009 01:41:25 +0000 http://blog.afraidtotrade.com/?p=3679#comment-182064 Corey, Thank you for the post. I have been a patient puppy , i got caught flat footed as a bear and wasnt positioned short for this leg down. Patient as i didnt chase the market but today made up for it , i had a decent long order sitting on 755 :) I have held a little over the weekend in anticipation of a small continuation. Expecting a small continuation next week before we go screaming on down. Corey,

Thank you for the post. I have been a patient puppy , i got caught flat footed as a bear and wasnt positioned short for this leg down. Patient as i didnt chase the market but today made up for it , i had a decent long order sitting on 755 :) I have held a little over the weekend in anticipation of a small continuation. Expecting a small continuation next week before we go screaming on down.

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