Search results

I did ok scalping yesterday.

Yep!

I'm still hesitant about going long if it breaks above today's high. IMHO it still needs to pullback more.

I don't have any confidence in longs until after a significant pullback.

I agree. I'm a little reluctant as well about going long at 1359.50. I would like to see a significant pullback first (to about 1355). Just my 2 cents.

Again:

I see Major Resistance at 1344.50!!!

Did you go long at 1332.50?

I hope we are out of this range by tomorrow's open. I did ok today, but it was boring.:(

http://www.marketdelta.com/

I bet there are a lot of stops just above 1283.50 and just below 1279. Therefore the market may not move until one level is taken out.

Do you mean 1274.25, or are you still short?

Bulkowski's Chart Pattern Resource: http://mysite.verizon.net/resppzq7/index.html

Yub.:) Could you please post a chart?

Reverse/hidden divergence is often overlooked. Nice chart!

Don't fight it, but try to go with it (I know, easier said than done).:)

I hope you guys went long when price broke 1269.:D

Maybe the 3 losses and done for the day rule was a good idea. Your system may have been telling you that current market conditions are not good for your setup; therefore, take the day off.

I don't have anything against taking counter trend trades. Infact if I were still trading today I probably would be long now with a tight stop and would reverse, short, if price broke a certain level.

IMHO if price can break 1244.75 and hold it should be able to get to 1249.75 with little resistance; however, if it breaks below 1238.75 I would be looking to short. Just my 2 cents.:D