daytrading may 24 afternoon, page-48

  1. 8,674 Posts.
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    Glad you enjoy these conditions HLL.Although they throw up good trades,ie AZZ,WDR and now maybe today OMH,in general, I find these extreme conditions detract from my trading style,and hence I tend to lay low.For me,my favorite trades are from ASCENDING TRIANGLES,THREE BLACK CROWS,a select few CANDLESTICK REVERSAL patterns and my all time favorite,the BULLISH FLAG/PENNANT.All these trades that I like are in the context of an UPTRENDING trendline and a bullish market in general.In fact the more trend lines I have over each other the better....the 10 over the 30 over the 60 over the 200 and so on.

    This market, I find, limits my trading,but hey,that's life.It should only be a matter of time before 'more normal' conditions prevail,and at this time I find it best to preserve my capital till then.

    Besides there's plenty of time to make money,you don't have to force trades to succeed.




 
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