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It was overbought based on some indicators. It came up and touched the R1. It had gone up quite a bit over the past couple of days. It was just a good time to short.

10:00am USD Philly Fed Manufacturing Index [Open Detail] -30.7 4.0 3.2 This help you like crazy.

Cant say I like that.

Catching the knife for us huh. When you start turning it around I will jump on the band wagon.

I think I am seeing the difference between what we are saying. For me I look at the daily to see which direction would be easier to make trades. So when I say daily bias long it is for me to make an intra-day trade. Where you are saying that the actual days are going down on average which a...

08-17-11 01:17 PM Quote from klinckphilip: Short - 1201.75 Stop - 1208.25 Out 89.50 _________________________________________ Actually I got out too early. I got out at 89.50. The strategy I use would have been more around 85. I just get finicky when I...

Also BUY1SELL2, I shorted what you are talking about. I just did not hold overnight because of one of my rules and the strategy told me to get out.

New Post 08-18-11 09:34 AM Quote from klinckphilip: I have biases 15min Long Hour short day long Not good for trading. I will see you guys later when it looks a little better. BUY1SELL2 What about this-- Long term short, medium term short, hourly...

Sorry about that draw-down man. Have you changed your risk per trade at all to try and slow it. Also, It looks like you were right 53% of the time. If you had a stop/target that was 1to3 it seems you would be profitable. I realize you have to take the strategy into account but going by the...

Out at even. Monday -6 Tuesday +14.25 Wednesday +12.25 Not doing too bad this week.

Stop moved to even 87.75

Jumped in too early. Sometimes that gets me a couple extra points, sometimes few less, and sometimes a bad read ending in stop-out. I think this time I am shooting for 95 or so.

Long 87.75 Stop - 80.75

Oooh theres at least a couple buyers at that hourly 100sma. lol

Good little short. Its not over.

I have biases 15min Long Hour short day long Not good for trading. I will see you guys later when it looks a little better.

Out 89.50

Oil is pulling the market down. Oil inventories were way off of the GUESS that was posted.

Maybe, maybe 81. We will see. There is nothing really stopping it. Just lots of little levels to break through.

Not sure yet. My strategy kind of lets me know as I go. I was projecting 88-91 but if momentum keep up I will keep holding until the end of the day.