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So, was today the reversal on the S & P?
- Thread starter LT701
- Start date
Quote from wareco:
Been short the ES from 26.5, but about ready to cover.
i got out es at 1322, from 1327 - trying to stick with 'the meat of the move', rather than trying to be perfect - i want to be fully objective with what i see next - easiest to do when i'm flat
now, i watch
how does it react to the 20 ma?, is now my question
Quote from LT701:
i got out es at 1322, from 1327 - trying to stick with 'the meat of the move', rather than trying to be perfect - i want to be fully objective with what i see next - easiest to do when i'm flat
now, i watch
how does it react to the 20 ma?, is now my question
Out at 22 as well. Looking to re-short on any significant bounce
sht since 1337.25 (stp was 41.25) same with most european indices also....though have to say only just still in european by 3-5 ticks yesterday!!!
Housing Monday will cement the move and change of sentiment....next stop S&P Z 1311
good trading!
Housing Monday will cement the move and change of sentiment....next stop S&P Z 1311
good trading!
Quote from wareco:
Out at 22 as well. Looking to re-short on any significant bounce
i actually took a 1 contract boredom long (at 22.5), as it's at the bottom of the 5 minute chart trend channel, i just didnt think it had the steam to make a real test of the 20 ma at that point of the channel
it still would have been better form to be flat
OT: $OSX (oil services) is on the 20 month ma today, they almost never break it in the first try - i dont play the intermarket game, but an oil bottom could be consistent with an S & P top
nonetheless, i will observe, not predict
Quote from LT701:
i actually took a 1 contract boredom long (at 22.5), as it's at the bottom of the 5 minute chart trend channel, i just didnt think it had the steam to make a real test of the 20 ma at that point of the channel
it still would have been better form to be flat
OT: $OSX (oil services) is on the 20 month ma today, they almost never break it in the first try - i dont play the intermarket game, but an oil bottom could be consistent with an S & P top
nonetheless, i will observe, not predict
out the boredom long for 23.25 - approaching the 34 ema on the 5 minute chart
back to watching the 20 day ma
Quote from LT701:
they're not without hazzard, as the mind can get wrapped up in even small trades, when the focus should be on a bigger picture
Yep. Done that. Been dinking around with a small trade only to get distracted and miss a regular system trade.
PS trying to get a short off at 24.50 (lunch money), but no luck