Buy1Sell2, why did you go against your own methodology? I thought you were countertrend trader as well as trend follower, I would have thought you would stick to your previous short (when you got stopped out) and re-entered the market at some time later on, why have you passed on such a classic divergence? After all, no matter what the longer term trend is, it is weekly chart we are talking about, not hourly.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Short ES for the day, but this has all of the appearance of a bear raid in an overall bull market. Fundamentally, stocks are only cheaper than they were yesterday. No time to go into this now..
How convinced am I? I switched over my pension money from bonds to stocks, effective end of day. I only switch two or three times a year--cannot trade this account.
How convinced am I? I switched over my pension money from bonds to stocks, effective end of day. I only switch two or three times a year--cannot trade this account.
dow 13300 handle =)
learn from this trading pattern that appeared out the last 48 hrs and extending into the weeks close.
Just the imagine the whales that just covered.
figure out where the 200 day ma is and the 250 day ma on the charts. I will be engaging in price battles there, for a fall run up into a christmas rally.
50 day MA is only real benchmark left as a pivot.
figure out where the 200 day ma is and the 250 day ma on the charts. I will be engaging in price battles there, for a fall run up into a christmas rally.
50 day MA is only real benchmark left as a pivot.
One more panic sell before the close?
1465
1465
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