Thanks for pointing that out. Regardless, the momentum is slowing down on every single high volume ETF that tracks an index. Trying to catch exact tops is a futile endeavor.
I'll roll my position if need be.
Journal of index futures trading
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Thanks for pointing that out. Regardless, the momentum is slowing down on every single high volume ETF that tracks an index. Trying to catch exact tops is a futile endeavor.
I'll roll my position if need be.
And as usual, the market goes the other way. No one said this was going to be easy. Small losses today. Having trouble gaining traction.
More bearish momentum divergence throughout index tracking ETFs (long and short x2/x3). I would post screen shots except it would take too much time. It's all a question of when, but I am short the market tomorrow.
Market indicators seem to be pointing higher though :/ I'd prefer it if they would all agree...
1 x NQZ0 @ 1915
Not going to be home so can't watch the money pile up!
I am proud of myself for following my system at least, I just got in a little early. There was good bearish divergence in my indicators and momentum from yesterday.
FX account is back to where I started.... lol. Made around 800 with GBP/USD but lost around 810 in the EUR/USD.... How the hell does that work lol?
Market indicators seem to be pointing higher though :/ I'd prefer it if they would all agree...
1 x NQZ0 @ 1915
Not going to be home so can't watch the money pile up!
I am proud of myself for following my system at least, I just got in a little early. There was good bearish divergence in my indicators and momentum from yesterday.
FX account is back to where I started.... lol. Made around 800 with GBP/USD but lost around 810 in the EUR/USD.... How the hell does that work lol?
I will exit my short positions if we break into new highs today or tomorrow.
Short term indicators saying still a healthy bull market.
I still am getting negative divergence on daily momentum with new highs.
I have 1 sell limit on the NQZ
I still am getting negative divergence on daily momentum with new highs.
I have 1 sell limit on the NQZ
Fx is killing me now. I'll wait till the weekend to change any positions.
I got out of my short position this morning when there was signs of bullishness. Good call.
Negative divergences across the board now.
I got out of my short position this morning when there was signs of bullishness. Good call.
Negative divergences across the board now.
Going to start trading a system I have written in EL because I won't be home during the week now (damn jobs). It buys/sells at 830 central and exits at 1500 depending on what I declare the "trend" to be. Pretty simple. It'll be trading 1 contract of the NQ due to my small account size.
I have gone back to a modified version of my original strategy.
I have gone back to a modified version of my original strategy.
Holding onto this short position for some reason, betting against the market indicators. We are still in a bull market.
Waiting again till the weekend to decide what to do with my FX trades, in order to stick to my strategy.
Not doing so hot, 1/2 a months pay (open) loss at the moment.
I feel like I'm losing some of my emotion though when it comes to trading, which is a good thing.
Waiting again till the weekend to decide what to do with my FX trades, in order to stick to my strategy.
Not doing so hot, 1/2 a months pay (open) loss at the moment.
I feel like I'm losing some of my emotion though when it comes to trading, which is a good thing.
My largest winning trades have been overnight. I sold at a top and good resistance point, and bought back too early. Sold 4 ESZ @ 1139 and bought them back around 1135. ESZ is trading atm 1130 now.
Can't get out of FX till the weekend.
Can't get out of FX till the weekend.
forgot SS
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