Received 5 Karmas
Lincoln_Hawk
1
Lincoln_Hawk Dec 16, 16 9:36 PM

@Chongette32 "Jungle" because it's often a time of fast moving indecision between panic buyers and/or sellers as MMs try to match orders. I guess he calls it the jungle because there's not always a clear path or direction to follow in a jungle.

XRenegadeX
1
XRenegadeX Dec 16, 16 10:50 PM

I agree that the initial surge out of the gate at 9:30 is chaotic. I've found that if I wait for the first pullback, it usually occurs within the first ten minutes after the open. Good time to jump into something if the pattern looks good and it fits with my plan.

Pandabear
Pandabear Dec 17, 16 7:53 AM

@XRenegadeX I've had success before with buying at the open but it all depends on the pre-mkt price action but from now on I'll just wait for the first pull back like you said and only trade breakouts if I see an ascending triangle or a range breakout after the initial spike

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