On the daily charts a downward trend channel was formed over the last three weeks. With a break of such a channel, I do expect at least 3 days of upside with today being day one... I would expect to take a look about exiting longs at that time..... I hope most of you caught the triple bottom formation and played it....
Broke Downward Trend Channel to the upside
Started by
qqqqtrdr
, Sep 01 2010 10:38 AM
1 reply to this topic
#2
porsche911sg
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Posted 01 September 2010 - 10:54 AM
I am intending to exit my longs anytime. I actually sold off my long at 1775 this am Singapore time went short and covered back again at 1775 on nq within a few mins. I signal stay long again and went back in at 1777. thankful i did not contrend my own buy signal. Triple are pretty rare but when they do come its huge move UP with means it not worth to stay short.On the daily charts a downward trend channel was formed over the last three weeks. With a break of such a channel, I do expect at least 3 days of upside with today being day one... I would expect to take a look about exiting longs at that time..... I hope most of you caught the triple bottom formation and played it....
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
