The Trouble With Scribbles

Buy1Sell2 · May 6, 2015

romik said:
Those aren't my type Ishmael, personally I wouldn't trade them.

Didn't mean to trade them, just that there was a likelihood of a bounce.--I'm on a higher timeframe as you know.

Buy1Sell2 · May 6, 2015

For me, I would only use this type of signal for profit taking while trend is down. Now if the 60 had turned as well----

Buy1Sell2 · May 6, 2015

---and we've got a bounce.

romik · May 7, 2015

The one on the hourly in histogram I do like, could see a bounce to 2090

Buy1Sell2 · May 7, 2015

romik said:
The one on the hourly in histogram I do like, could see a bounce to 2090

Could be possible. Doesn't totally agree with the cash chart. I am monitoring the cash chart in conjunction with the futures--the 5 and the 15 certainly provided a bounce yesterday. There were no scribble trades so not certain what they are doing.

Buy1Sell2 · May 7, 2015

I am more inclined to take short positions on bounces until the trend changes back to up. But I am on the daily time frame with an eye on the 60 minute as the lowest chart I might trade.

romik · May 7, 2015

Buy1Sell2 said:
...There were no scribble trades so not certain what they are doing.

LOL

Buy1Sell2 · May 7, 2015

Romik, did you see the sell signal on the 5 and 15?

romik · May 7, 2015

Buy1Sell2 said:
Romik, did you see the sell signal on the 5 and 15?

Currently yes on 5 and not on 15.

Buy1Sell2 · May 7, 2015

romik said:
Currently yes on 5 and not on 15.

If you look at the cash chart, it doesn't necessarily match. Cash rules futures