IMHO If this is the gist of your system then get ready for HUGE drawdowns. Especially during STRONG trending markets.
You need a few more components before trading this system.
All you have right now is only part of the total structure.
But hey what do I know?
Best regards
T-REX
good point however I still see limited upside potential.
Don't get me wrong I'll be the 1st one to take another long position if I get a good signal.:D
Way to go on your longs dude.:)
I was correct in my analysis to get out and take some $$ off of the table. You see that gave me another chance to short again at a higher price. I did not have time to post it here.:D
I don't know if today was predicted by anybody but it was nice.:D
There was NO SHIFT in fundamentals.........today was classic "Run'em up today and crash'em down tommorow" sorta pre announcement kinda thing. We like to drive the mkt in the direction that we think it should go and then once...
Here are my working orders for tonight ahead of the Consumer Confidence number.
NQM4 Sell Stop-Limit @ 1438.50 (To enter new Short position)
The PulseScan Swing Vix is still headed down so this mkt is not out of the woods yet.
Downtrend channel still fully formed.
Let's see if we...