VST

One more low maybe required today to put in a more constructive ST bottom. The countertrend signal that i got this morning is not looking good. I will wait for another low before i put in my orders for a swing trade.

Why don't you just sell when you get a short term sell? IT

Nav's e-mail was clear to me. The reason for the question is not.

IT, I don't have a sell. I am dealing with a countertrend buy here. Of course, i am talking about the hourly. I am going 50% long at ES 1379.50, in case i don't get that another low. 8 point stop for now.

Edited by NAV, 16 January 2008 - 01:23 PM.

Nav's e-mail was clear to me. The reason for the question is not.

I guess that question is for me. The reason I asked the question is that part way down the page he is talking about his long term signal going to sell. If I were expecting another low to be made, which is at 1368.50 on the march ES, that was nearly 15 points lower than when he posted. To me it would have made sense to make a short term trade in line with his long term signal. But evidently he is looking for a counter trend buy instead. Therefore, my question. Hopefully that clarifies it for you.

IT

Edited by IndexTrader, 16 January 2008 - 01:27 PM.

looks like an inverse cup & handle on SPX intraday

market needs to sell me a little better on this constructive bottom thing...



sorry for the busy chart. one could also argue the fib study should be inverted but after looking at it both ways I feel like it's largely moot

Nav's e-mail was clear to me. The reason for the question is not.

I guess that question is for me. The reason I asked the question is that part way down the page he is talking about his long term signal going to sell. If I were expecting another low to be made, which is at 1368.50 on the march ES, that was nearly 15 points lower than when he posted. To me it would have made sense to make a short term trade in line with his long term signal. But evidently he is looking for a counter trend buy instead. Therefore, my question. Hopefully that clarifies it for you.

IT

LT means nothing to me, when i am trading the hourly. My system gave a sell on the hourly yesterday after the gap-down. Now i don't chase and i can't afford a 20 point stop. So i didn't take the signal.

Now the only way i am going to take another sell is if my hourly Osc gets reset and generates a continuation sell. Until that happens i will be looking for a buy. That of course means i might miss any potential downside action, if it occurs. But i guess that's the discipline one has to use, if one does "System trading".

es......R/S......1437..1388-90/1375-77

Now the only way i am going to take another sell is if my hourly Osc gets reset and generates a continuation sell. Until that happens i will be looking for a buy. That of course means i might miss any potential downside action, if it occurs. But i guess that's the discipline one has to use, if one does "System trading".

i guess u r quite happy with ur system

"Let the other half ride." where's stop?

Edited by vitaminm, 16 January 2008 - 03:53 PM.