these MA's may cross soon, since the crossover will happen after a reaction low period. This becomes a strong signal for me.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1551892#post1551892
He covered all at the close.
Per his other journal he is flat everything now.
break/trendline
ticmacross
I'm bullish until the recent lows get taken out at 1442..........
So any retrace, I will be accumulating.
So any retrace, I will be accumulating.
Well, its not because mathematically the price has stabilized enough for the averages to catch up to the current price action....so you are actually anticipating a crossover based on the fact that you think prices went too low, and must now snap back strongly causing the short term MA to cross. Correct?
yeah,
heres my trade
1% of account equity
retrace point price/ma cross over(expected)1468
- 1442
= 26 points
26 points = 1% acct equity or higher based on preference
1% acc eq/ 26 points dollar value = # contracts
the 1468 similar to other instances gets violated on stop clearing to the downside. So the retrace point can be variable.
TP is 26 points minimum... or swing high 26 points + 68 = 94........
94 being the 1st resistance level..zone..
so I will look to get better then 68's..for the trade.
heres my trade
1% of account equity
retrace point price/ma cross over(expected)1468
- 1442
= 26 points
26 points = 1% acct equity or higher based on preference
1% acc eq/ 26 points dollar value = # contracts
the 1468 similar to other instances gets violated on stop clearing to the downside. So the retrace point can be variable.
TP is 26 points minimum... or swing high 26 points + 68 = 94........
94 being the 1st resistance level..zone..
so I will look to get better then 68's..for the trade.
progress of tic ma cross.....for most the day.. the price should erode, the 60 minute is looking bearish.. looks like they want to clear some stops to the downside.
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