Recent content by xje

Kap, I wish I have your courage to enter the market. To enter seems a lot harder than exit. Any advice on how to overcome this fear?

Is today's open 1043 to become a resistance? I was hoping it to go higher so I can short

TRIN is very bearish today while vix has been neutral. Wonder what this indicates.

You are right that the previous close is significant. But when there is a gap, and the market has been trading beyond the gap, I found the current day's open becomes more significant.

Now ES has traded below the open (1043), it would be interesting to see if it can penetrate the open again to the up side. If it fails, it will be a bearish sign in short term. I wish I hadn't moved my stop. My mind is too weak to hold a good trade.

Stops out at 1046 (+0.25) I seem to always move a stop too soon. Too much fear to be a good trader

The theory is, if Dow is more bullish than Nasdaq when going up, both markets will go down. Usually Dow follows (and lags) Nasdaq. Of course, this is only a general theory which may not always hold.

Thanks Damir.

Move stop to 1046

Short ES 1046.25 There is a divergence between NASDAQ and Dow right now, which suggests the market might reverse direction. I over slept this morning as well. Do you guys know what ES's opening price was today? Thanks.

Market looks like to go lower from here, I expect it tests yesterday's low. I've missed my best short signal around 1039, so I probably won't trade ES today.

In historical pattern, Thursday is a down day. That might explain the late drop. Perhaps today will also signal the long waited market top of this year?

Stopped out 1044 (+0.75) Once again too tight

stop moved to 1044

Shorted 1044.75. Had to go with my signal Stop loss 1048.75, target 1040