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Sorry, I didn't realize that we were on some real time contest or something.
My trades were what I said and then in between things I posted the posts. I
exited by short trade from the top when the Big Boys came back, as I
invariably do. However, the main thing is that it is quite clear that the
.618 retracement is looking as if it will be in tact and lower prices still
look on the cards. From a day trade perspective it was a medium, rangey day
with only bread and none of the jam it might have been if the market had
gone south.
Anyway, as you say, you are not a day trader, so let's leave it at that.
You are obviously much happier with your AGet and I am with my simple tape
reading...
Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 05, 2000 6:57 PM
Subject: [RT] Re: Bonds (Bull Wedge)
> The differences probably would have been instructive and illustrative if
> your charts and comments had been posted in real-time as were mine.
> Those highlighted ovals with trades taken always seem to appear after
> the fact.
>
> Earl
>
> ----- Original Message -----
> From: "T-Bondtrader" <t-bondtrader@xxxxxxxxxxxxx>
> To: <eadamy@xxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 05, 2000 10:26 AM
> Subject: Re: [RT] Re: Bonds (Bull Wedge)
>
>
> > I hope this banter between Earl and myself is yielding something for
> > somebody! We clearly have very different day trading concepts.
> Firstly, I
> > have never used a 10 minute chart to trade off, although obviously I
> use
> > bigger time frames for confirmation. I cannot say much about moving
> > averages, as I don't use them - like indicators, for day trading they
> are
> > all lagging after the event.
> >
> > But I do use the price action of the Spoo to help me when other things
> are
> > not equal! Look at the chart and you will see that the 50 retracement
> came
> > back to that pivotal support and could not break through - then the
> S&P put
> > in an electric bar for us to get long. If you look closely you will
> see the
> > bonds were totally wrong footed. We had all the world of time to act.
> It
> > then rose, like a 'towering bird' (if you know the expression?) and
> formed a
> > slightly extended double top. So we are short again and the S&P is
> > rallying with a nice big bar to keep us that way... Our stop is, of
> > course, behind DBYH... and we may well get down to the intraday low,
> break
> > it and have a lovely ride south. If we don't, we have put bread on
> the
> > table - but it is nice to speculate that some jam might come along...
> >
> > As you can see, I like a very simple style. I just can't work out
> things
> > within things and what the locals are doing because, etc, etc. I
> think day
> > trading demands a clear and simple approach. It is price action that
> > rules - very much including the Spoo's (as an 'indicator' I will
> use!!)
>
>
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