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Auction Markets
Old
Rating: 3 votes, 5.00 average.

Auction Markets

Posted 04-27-2009 at 01:44 PM by DbPhoenix (Dbs Burrow)
Updated 04-29-2009 at 07:03 PM by DbPhoenix

I read somewhere recently -- and can't remember where -- having to do with Market Profile, I believe -- that most experienced traders will avoid trying to catch the tops and bottoms and focus on "the middle", waiting for confirmations to enter and confirmations to exit. However, since "the middle" is by definition where most of the trading is going on and is largely non-directional, there is also a lot of whipsawing in the middle, and that generates a lot of losing trades. One...
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