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I wanted to do this for a while now (trade countertrend off a Weekly signal). Considering that stops were just above current highs of those instruments & where I scaled out I don't really deserve the pat on the back. I will try to not scale out after I re-enter full position when trend break...

TY man! I decided it had to be done as most of them are either near horizontal support or rising TL & we are still in a uptrend.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2621099>

TY! I know what it's called, it's TA 101. OP called this grail 'The Actual Grail', monthly chart is still bearish, therefore is it prudent to say that this example, according to OP is 'The Actual Grail'? :)

Scaled out 2/3 position from: FTSE +171 EUR/USD +119 Crude +1.72 INDU +146 Qs +1.73

LC, I am sure you noticed that INDU isn't correlating with SPX recently, like today for instance SPX -1.66% INDU -0.95% so far. If I recall correctly in the past every SPX point would roughly equate to 10 INDU points. What's changed? Ammo I would say TY, but it is early days yet, could be bad...

I was referring to current grail in RSI, not from months ago. Curious what the OP thinks about the current grail, TY!

But we are still within an uptrend on the Daily chart, so you are referring to hourly frames.

Is this a good example? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2620959>

+146 FTSE +110 EUR/USD +1.50 Crude +83 INDU

INDU at horizontal support, trying to BD, rising TL about 170 points below

42 was the area to scale out (right on rising TL)

Is that your outlook for today? I am short a few things, they all have diagonal & horizontal supports below, more room below ImPO, not just DAX.

Why the change of heart?

Dax to 5000 :) Nehmen Sie an die Bank

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2619976>

Due to large stops used I went down the route of a spreadbet, spread is a lot wider, but there are tax advantages for me that outweigh extra spread. So far - +28 FTSE +50 EUR/USD -0.12 Crude +25 INDU Also, I have shorted Qs last week.

Didn't you say $65 prior, $75 I see also

Today I shorted a basket of various instruments, holding on to me cajones tightly:eek:

Could be right mate. I see nice vola soon, down to their respective TLs