Here’s another one:
This one was scary! Big pushes up against me on low volume. But, thanks to the volume splitter, I knew that the large traders were at a standstill, and I waited until I could eek out a little profit. Now, I normally preach to people that they should get out for break-even plus or minus a couple ticks when the large traders do not confirm the move. In this trade I got a chance to get out +1 tick, but I decided from experience that it was likely that we’d get a low-volume fake-out push down. We did, in fact, and I covered for +1 point. Only advanced traders should try that move, though, in my opinion… I was gambling a bit there.
Anyway, I hope you are liking the live trades… I plan to do lots more of them going forward… one way or another.
August 20th, 2008 at 5:46 pm
Bad Richard! No Cheese! (and still you made the 1 point)
I like the sped up chart with your dialog.
E.