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Apples & oranges, don't mix facts with probabilities, trading is all about probabilities.

5 & 10's histograms are looking bullish to me, I will be looking to reverse off 1m signal

Short 1359.25 off 1, stop near 1360.25, hard stop +10 Scaled out 2/3 +3.5 TY Lachie!

There is risk in both trend following & catching falling knives, as long as there is a reason to do so action has to be taken, for me, although this is not a real money exercise (I don't trade stocks), the loss will be treated as real one.

Don't you recommend stocks on ET? Ironic. But your opinion has been noted.

Look, I don't want to hear any fundamental based crap in this thread, only technicals, for 3 reasons: 1. My recommendation was based on TA 2. If I don't understand how to interpret FA, then chances are I won't have a clue how to interpret your interpretations. I leave FA to pros, what they...

Robbie 380, I will submit that I am not that certain what the outcome will be, the only certainty is a stop zone. I may be wrong & yes you are right I am a piker & probably not quite as wise as you are. It's difficult to call an intermediate bottom when the whole stock market has been declining...

It is exceptional luck to be filled on limit order at the lowest print.

I have bid at 62.50 & ask 62.75

At least we know that Spectre is blind as a bat, his monitor must be huge :)

OK, that's what I sense might be happening looking at 240, short term chart's signals will provide mini oscillations, though a more substantial oscillation MAY begin when 240 starts turning, as it is at the moment (histogram + MACD) ImPO it is not ready to be sold. 15m may well be showing a...

Quick look over 240 ES & NQ does not suggest that the current bullish oscillation has run its coarse, perhaps you are talking about just today?

Morning Vertigo! ImPO even if the count was correct, it didn't start the move until later on, so basically that Wolfe Wave if it was one didn't work. Working on the basis that its accuracy was flawed, it is reasonable to not expect point of arrival (or whatever they call it) to be in line...

All my trading is wrapped round key fundamentals in trading, I will agree that what will follow does not necessarily apply to stocks, but we are talking about the US biggest bank here, I will add that the reason I don't get involved into fundamentals is because I don't understand them, more so...

Still, ImPO it's mainly suited to longer term trading where wider stops are used, if I had low trading capital, then perhaps I would have opened up a mini account & traded something like a daily chart's signals, a lot less chances of broker's quotes reaching your stops, which if trading intraday...

That's what happens in unregulated markets, you have various quotes and to prove them wrong is a task & 1/2. Once I was trading some pair and my stop loss was elected at the time when the chart never showed that level has been touched, obviously I was on the phone to sort things out, all they...

TY for a detailed response. I enjoyed reading it.

I dunno, you tell me :)

Daily still bearish indication, it either starts retrace tomorrow or blows right through the quite obvious $140 resistance <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1959704>