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Search: Posts Made By: worldwary

Forum: Traders Hideout

May 5th, 2011, 07:49 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Still haven't seen anything remotely bullish this...

Still haven't seen anything remotely bullish this week.

At times like this the main question I try to answer from a "market mood" perspective is whether this is just a pause in a dominant uptrend...

Forum: Traders Hideout

May 2nd, 2011, 10:50 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

I spent some time this weekend researching prior...

I spent some time this weekend researching prior blow-off tops to try to develop a trading plan for silver. I thought there might be a good short opportunity on a break below the $45 area.
...

Forum: Traders Hideout

April 29th, 2011, 03:07 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

There comes a point when a rally like the one...

There comes a point when a rally like the one we've been experiencing starts to seem overdone. I've been watching for more concrete signs that the mood might be shifting and hadn't seen anything...

Forum: Traders Hideout

April 26th, 2011, 03:53 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

This is a market that just doesn't want to go...

This is a market that just doesn't want to go down at the moment. It's been a great period for directional trades the past few days. Directional bias is great when you get it right, miserable when...

Forum: Traders Hideout

April 24th, 2011, 10:19 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

I agree wholeheartedly. If you have an...

I agree wholeheartedly. If you have an appropriate method in place for what the market is offering on a given day, you can make money in any kind of market. The trick is making sure you're using the...

Forum: Traders Hideout

April 23rd, 2011, 03:26 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Thanks. This seems to give a pretty similar...

Thanks. This seems to give a pretty similar signal to the 12EMA but tends to follow price more closely. Do you tend to trade more from the daily chart or weekly chart using this method?

I...

Forum: Traders Hideout

April 22nd, 2011, 08:08 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Waiting for a pullback is certainly a viable...

Waiting for a pullback is certainly a viable option. In the context of the current uptrend, however, we've tended to see really strong moves that have rocketed up from the breakout point without much...

Forum: Traders Hideout

April 21st, 2011, 04:17 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Markets have been sideways and choppy the last...

Markets have been sideways and choppy the last two days, with the bulk of the movement happening after hours. It's been a very successful trading week for me but primarily from my swing trades rather...

Forum: Traders Hideout

April 21st, 2011, 07:48 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

I'm curious what other traders do with regard to...

I'm curious what other traders do with regard to corrections in the larger bull market, especially when it comes to timing swing trades as opposed to intraday trades. I can think of a few possible...

Forum: Traders Hideout

April 20th, 2011, 07:49 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Here's my interpretation of what the market's...

Here's my interpretation of what the market's been trying to tell us the past few days:

[Engraved Invitation]

Dear Trader:

If you've been waiting for a chance to get long, now would be...

Forum: Traders Hideout

April 20th, 2011, 09:00 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Thanks for your input; I always enjoy reading...

Thanks for your input; I always enjoy reading your witty posts.

I realize that the philosophy of what I'm doing in this thread won't appeal to all traders, and that's fine as we all need to do...

Forum: Traders Hideout

April 19th, 2011, 05:09 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

The primary issue from my perspective is whether...

The primary issue from my perspective is whether to favor breakout entries where you get into a trade very quickly after a S/R level is broken. Today was not a good day for breakouts as we were...

Forum: Traders Hideout

April 19th, 2011, 04:27 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Interesting, thanks. I haven't typically followed...

Interesting, thanks. I haven't typically followed the SKEW but will look into it.

Forum: Traders Hideout

April 19th, 2011, 04:17 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Today was also a very narrow range day. I've...

Today was also a very narrow range day. I've heard it said as a rule of thumb that you should expect a narrow range day the day after a big directional move. However, I haven't developed this into a...

Forum: Traders Hideout

April 19th, 2011, 04:04 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Volatility has dropped sharply and it's starting...

Volatility has dropped sharply and it's starting to look like the market has shrugged off the S&P downgrade news. My assumption until proven otherwise is that the mood that had dominated prior to...

Forum: Traders Hideout

April 18th, 2011, 01:07 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Yesterday I was planning to post something about...

Yesterday I was planning to post something about my perception of the current market mood.

What a difference a day makes. What I would have written about yesterday may have been rendered obsolete...

Forum: Traders Hideout

April 18th, 2011, 12:53 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

I agree that the emphasis needs to be on live...

I agree that the emphasis needs to be on live trading. I personally have issues not only with backtesting but also with walk-forward testing, for many of the reasons mentioned in this thread.

I'm...

Forum: Traders Hideout

April 18th, 2011, 12:37 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

This is a good point and is my ultimate goal: to...

This is a good point and is my ultimate goal: to be able to gauge the shifts in mood well enough that you know what kind of system to use on a given day in order to maximize your potential. This is...

Forum: Traders Hideout

April 17th, 2011, 11:17 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Here are some of the things that are impacted by...

Here are some of the things that are impacted by market mood:

1. How far an intraday trend, once established, can be expected to continue before reversing.

2. How deep a pullback can be...

Forum: Traders Hideout

April 16th, 2011, 03:23 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Can you be more specific as to what you mean by...

Can you be more specific as to what you mean by the word "volatile" here? Do you mean a market with a tendency to reverse quickly (which is what I think of as volatile), or something else? A...

Forum: Traders Hideout

April 16th, 2011, 03:21 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

From the responses so far, it sounds like there...

From the responses so far, it sounds like there are a variety of approaches. Keep them coming.

Here's a specific example of a change in market mood from my own trading. At various times I've had...

Forum: Traders Hideout

April 15th, 2011, 11:04 AM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

I think there are a couple different schools of...

I think there are a couple different schools of thought when it comes to whether you should adjust your trading in response to broader market conditions.

Some traders believe that consistency in...

Forum: Traders Hideout

April 14th, 2011, 05:04 PM

Replies: 47

Market Mood

Views: 20,218

Posted By worldwary

Market Mood

I'd like to invite discussion on a topic that I've been chewing on the past few months: market conditions, or as I think of the issue, market "mood."

I'm sure we've all had the experience of...

Showing results 1 to 23 of 23

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