Fannie Mae-No Politics (FNMA)

[Zargis]

$4.18 so far on High of Day (HOD). It would appear that Fannie Mae truly does not want to touch $4.07 today. Well now, we have some interest again don't we?
~450k volume in 20 minutes.




mikoli007, I hope you take away something from my posts - and am glad you enjoy them. I may


To quote myself (prior to your response):

It was a fat finger trade - as you put it.

However, I do not believe it was a coincidence. It was a crafting of the chart.

I stated this specifically as, I do not believe in fat finger trades - at least, not when they are so outside of the current trading variance on that 1-minute period. (or even 5-minute or 1-hour.)


My belief / understanding of the charting and trading process has been forced to evolve over time. Ultimately, I have a much farther way to go - however, due to a lack of time on my part; I only study up to my comfort level before pausing and sticking to what I already am familiar with.

As far as trading / charting principles, these vary per person as far as - if they are good or bad. In my experience, the most important concept to understand prior to learning about charting is this; I've picked up many books, read through a few and skimmed the rest, but regarding 'how to trade' successfully, I have never seen one that is right.

You must understand that this is a game about making money off of human fear and greed, and no one, explains in full detail how their secrets work. Knowing this, and that indeed some may even LIE in their books or articles to make more themselves - or maybe they simply don't actually trade and only 'advise' for a living.

So, that all being said... trading is a learning experience that one must come to understand alone. Basic explanations of indicators, what people look for etc. can all help you discover new methods (EDITED), but ultimately it can only help you figure out 'what to look for' rather than be what you are actually seeking.


One key concept is the intersection of indicators. Both, support / resistance points and Simple Moving Averages, Bollinger bands, Parabolic SAR... etc. There are also ways to draw trends and evaluate / determine what the likely point will be in the future - that requires a 'test'.

Personally, the advice I would offer in addition to being wary of lies and false 'truths' in books and articles, would be this;
Whatever you do, do not trade based on indicators alone - until you have observed them long enough and understand them enough to trade based on them with a moment's thought.

Generally for me, this takes about 1-week to feel 'comfortable' enough to rely on an indicator.

Also, NEVER rely on any single indicator alone - it is the death of any who does.


Be well, be safe, adapt and overcome.

-Zargis