whats the trade here?

[cashmoney69]

ICE on a daily.

So what would you do here?...

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At this point in time, none of my indicators are giving a buy signal.

The major trend is broken, but is that alone warrent a short

position?...

It is charts that look like this, is the reason why i cant ride a trend, because these corrections could be reversals, and so I take profits. Will ICE rally back up to 175 or fall to support at 145.. impossible to tell.

 

[frank grimes]

ask stock trad3r. he's about the only poor soul that would look at this pig

 

[xiaodre]

why not wait until it tests the 175 area and fails? does your trading style allow you to jump on in the middle of a wave? how did it do in earnings this quarter? does your trading style allow you to short after white printed candles like that with no signs this wave is over?

 

[Anekdoten]

Well, it rebounded nicely off that triple bottom. That counts for something.

Anek

 

[kidPWRtrader]

Better yet, why not game a stock with a clear direction?