Although the NYSE A/D line had bearish values, it has been climbing all day.
Looking at NYSE TICK has been a good indicator in helping find intraday reversal points.
Trading Review-
Traded 70 contracts. Sold a great Long on ER2 right before the market ripped higher, costing me 1-2k in lost profits from not scaling out correctly. Another Crazy day. It's been a struggle, up 500, down 400, up 700, and and now I'm quiting with 2 hours left to trade finishing at my high for the day. Market is choppy and I need to go to the gym and get ready for work.
5 comments:
hey dude,
what kind of software are you using ?
signal,thinkorswim ....
What will be contract of choice when ER switches over
quotetracker, I've got a banner on the right column. Its free, and its awesome.
Jason,
I'll Probably trade YM. The $ amount per tick per contract is great for being able to scale in and out of positions. I still haven't got the new listing from ICE for the new Russell contract thru IB. EMD (mid-cap) still needs more volume for my liking, but I have traded it recently and it tracks ER2 very closely.
What is the symbol you use in Quotetracker for the NYSE Tick? I just get the number in QT not the graph...any ideas?
Anon,
Checkout my LINK- stock chart setup under trading essentials, you will see the important symbols in one of the pics.
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