OceanRider
OceanRider Sep 19, 16 4:22 PM

Not sure what the FED will do Wed, but I suspect they will have to raise rates at some point. Eventually they will do something right? I will be on the sidelines Wed just in case either way. Good luck however you play it.

traderscentral23
traderscentral23 Sep 19, 16 4:27 PM

Eventually yes, but in my opinion the combination of Wall St. Consensus, Politics, and weaker than expected data means they will put it off until at least december if not next year.

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OceanRider
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OceanRider Sep 14, 16 5:56 AM

I had the same issue on a QQQ yesterday. I generally use a combination of bollinger bands and Fibonacci extensions to get my targets and SL. I am going to try to apply the same introspect you did. Thanks for the insight.

OceanRider
OceanRider Sep 14, 16 6:09 AM

One thing I like to do is use Fib Extn to know exactly what % I expect o make before I get into a trade. Sometimes I cut shortly but having a # I can see, set in advance helps.

OceanRider
OceanRider Sep 14, 16 6:28 AM

One last thing, I look at eliminating losses as a way to increase my return eliminating the need for the grandslams. I'll take singles over and over rather than mix in strikeouts and homeruns.Singles (no Strikeouts) are where it is at for me.

traderscentral23
traderscentral23 Sep 14, 16 9:26 AM

I'm still learning about Fib extensions, currently I use keltner channels, RSI and Fast Stochastic

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