Is this just a side daytrade while you remain NET long? Any particular reason why you're putting your stop-loss within the range of the last swing high by such a small amount instead of outside of it?
ES Journal Archive (2006 - 2008)
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Is this just a side daytrade while you remain NET long? Any particular reason why you're putting your stop-loss within the range of the last swing high by such a small amount instead of outside of it?
yes, just trading short term sentiment. I believe the long term trend is up, the weak players have been taken out back and shot with the sellside volatility, its creating a lot of bearish sentiment, and with each leg up people will attempt to short it.
Its creating a very conducive consolidated pattern for a long term run up. Markets crash from euphoric heights. We aren't at euphoric heights.
Gotcha, thanks Spectre.
this is the pattern I see.
notice the long term trend curve on the Naz, the cash spooz chart will start to look like the dow chart, the same psychology that the Dow experienced at resistance, the spooz is experiencing.
computer algo's look for the parabolic curve patterns in multiple derivatives on longer term charts, and they pile in. Parabolic patterns are prime inefficiencies that can be taken advantage of. They exist in intraday and even yearly, monthly timeframes.
computer algo's look for the parabolic curve patterns in multiple derivatives on longer term charts, and they pile in. Parabolic patterns are prime inefficiencies that can be taken advantage of. They exist in intraday and even yearly, monthly timeframes.
sentiment wave segmentation.
http://www.trade2win.com/boards/showthread.php?p=365074&posted=1#post365074
http://www.trade2win.com/boards/showthread.php?p=365074&posted=1#post365074
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