Wednesday, December 9, 2009

12/9/2009 NQ update: nothing happening

  • i use a variety of indicators and oscillators to provide an edge in what direction to trade a discretionary swing position in the NQ....right now nearly all of the indicators/oscillators i look at are neutral...
  • i have not been in a NQ discretionary swing position since the begining of thanksgiving week...
  • i am proud of my patience...
***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...trade at your own risk***

3 comments:

  1. Same here Adam, everything is sideways. No emotion in the market right now which makes me think that it would be a good time for “something” to happen and catch everyone off guard (or not). This time next year I will know to plan a vacation.

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  2. mvw,

    swift move up into yesterday's close...is this the move that breaks us out of the range? i don't know...due to my 'NDX OU' model triggering a long entry on yesterday's close (http://stbsmb.blogspot.com/2009/12/1292009-ndx-ou-generated-entry-signal.html), i now have some longside exposure...we shall see how it plays out...

    how did your trial sub at sentimentrader work out?

    adam

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  3. Hi Adam, I’ve been occupied with other projects and want to make the most of the trial when I'm less distracted. It’s something that I’m interested in and I will do a post about it once I get a chance.

    Sentiment extremes is a big part of my trading and I’ve been following Cobra’s sentimenttrader charts in addition to the conventional vix/put/call ratios; so far from what I see it definitely looks like what I am looking for.

    ReplyDelete