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2nd lot scaled out +19.00

BB

short, tight stop 1st lot scaled out +9.50

b/even on 3rd lot

quite tempting to go long here, but daily bias is in the opposite direction (US weekly also), trading below daily PP not helps and not too close to LOD to bottom fish, I'll pass on the Long. 3rd lot still short from this morning.

I am telling you this guy is Trader28, times of trades pretty much match either MACD 0 line cross or moving average cross, difference is he was betting the other way on all trades I would assume, I only checked some, ie 0 line cross upwards and instead of going long he was 'fading himself' by...

2/3 min MACD, same settings, DAX 1/2 hour prior to market open.

What about this one, first week of June put in a reversal bar, followed by a short squeeze 2nd week, 3rd week marking possible continuation of reversal. Is it still a strong buy here?

Yes indeed, but this week's bar is a typical reversal bar, is it not? ie failure to make new high and lower close. I am not saying that it will actually reverse/correct here, it might do so based on the reversal bar and a divergence, neither are straightforward to trade, nevertheless are...

Trading a daily, especially weekly chart is not that easy using high leverage, so from that perspective I agree that to pinpoint a specific time to achieve perfect entry with minimum heat is very difficult. I personally see weakness in both daily and weekly charts, especially weakly, so I...

I was referring to uncertainty which is based on reading a chart using whatever method that you use to distinguish buy from sell, strong from weak signals. If you see a sell signal, then what are you to do? Go long? Go short? Flat? Hesitate?

Weekly S&P closed below previous week's open, there is a classic divergence also on weekly chart, I see weakness in other world indices. IMO it should have been a precautionary move to go flat this weekend. It's simply an opinion :)

But it did happen back in Feb though, 2 lower peaks in histogram and 2 days later it crashed, similar patterns were present in DAX and FTSE I believe. But I can relate to what you are saying on the other hand, not saying you are wrong at all.

What does that mean? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1509220>

You all are being owned by Allaces (Trader28). This thread is a total piss take...as always.

Let's play Hangman. What is a word starting with an A and is a 7 letter word? Clue: MPS/DCAM. Enjoy!

Point is would you want to hold long position over weekend? Weekly S&P chart closed lower than previous week's open + divergence (weekly!), DAX is set for a decline on daily chart. Point is, if there is uncertainty, then you should at least be flat, not long over the weekend IMO.

As long as prices keep closing lower than previous month's close it would be naive to expect a bottom IMO. A bottom based on what? Are interest rates going down? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1509077>

I think anybody that made a decision to enter into and hold a position over this weekend is totally nuts.

DAX is looking weak here also IMO. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1509018> I think observing reaction lows is key now, as selling S&P500 right now is not the same as when it was easier to catch the top in light of a possible divergence at the time, below...