DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
The lifetime of the level is up to severall days.
With over 28 years of trading experience, we at Triggered Signal Trading use simple algorithms which show where to place risk with tight stops to allow winners to run to their full potential. Views expressed here are for informational purposes o
Former Trader at Goldman Sachs, DLJ, Credit Suisse and First Boston (20+ years on the desk trading)
I don't blog as people who do don't really trade. I post to support my open trades. Follow at your own risk: I can be long 1 min and short the next
Former market maker on Pacific Coast Exchange, reporter and columnist for various financial publications. Current editor of Rick's Picks, a trading newsletter for stocks, gold, silver and mini-indexes.