S&P 500 looking very toppy

Is the S&P 500 about out of gas?

  • Yes, rubberbird is usually correct

    Votes: 67 33.3%

  • No, there's more upside ahead

    Votes: 46 22.9%

  • I don't know/ I don't care/ the bird is an idiot

    Votes: 88 43.8%
  • Total voters
    201
Quote from spike500:

short 1232.50
if everything goes well watch to close the trade in approx 90 minutes from here.
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LOL

Sorry spike but wasn't it you HARPING on fighting the trend?

Good luck to you btw, I agree with the trade :D
 
Quote from Samson77:

LOL

Sorry spike but wasn't it you HARPING on fighting the trend?

Good luck to you btw, I agree with the trade :D
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Indeed, but you should read what i posted about the way i trendfollow. Especially the decisiontable that i posted can make it understandable.
Yesterday we mixed things up. Yesterday all the trends were long ( intraday, daily and LT)

Today the intradaytrend went short. So i always follow the trend, but you have to see this in relation with what kind of trade i do (intraday, short term or long trem).

I follow strictly what i have to do.
 
Quote from Mvic:

Nice entry, I wanted some more confirmation. Looking for at least 15 points.
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I don't look at any points; i stay in till my system says to get out.
If it's for 0.25 points or 15 points i don't care.
My stop is at my entry, so impossible to loose lots of money.
 
Quote from optionpro007:

Spike:

Just curious. regarding your money mgmt, do you use the fixed fractional or the fixed ratio method ?

Cheers !
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My money management is very simple: 2 points stop on every trade.
Stop moves to entry once we moved far enough in the right direction.

I hopes this answers your question. To be honest i don't understand what you mean. ( had to quite school at the age of 12 due to lack of intelligence :D )
 
Quote from spike500:

short 1232.50
if everything goes well watch to close the trade in approx 90 minutes from here.
More...

Spike, if it was the only one signal your system gave today ?

Thanks :)
 
Quote from Medveshonok:

Spike, if it was the only one signal your system gave today ?

Thanks :)
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No, short on the opening; problem was that i was not home the first two hours of trading, so i had to wait for an opportunity to short. We jumped up at 1233 so i went short there.
 
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