RUT TRADE SIGNAL

As I talked about the day before yesterday,.. my hourly sell signals,. after our divergence,.. have been on since last week. Now I'm seeing my daily Sell signal cross down as well. I expected a little stronger rally for April,..and with the weekly buy signal still on we may still have a volatile chance at making some sort of low here and heading higher again. As mentioned weeks ago I expected April to have a nice bounce but a surprising reversal in MAY that would be well worth the shorts efforts to make money. Am I two-three weeks off,..and we turn down here to test the lows? I don't think so,.. but I play my signals and they have already rolled over,..and there is no reason for me to counter trader them yet. Knowing that based on the weekly buy signal,. it's wise to protect profits when counter trading along with the lower time frames and with a 1-2% pullback today I may start to take some off my fully short position from last week.... and then wait for some kind of positive divergence to completely exit,...while looking for a short term cross up signal again to start buying. As always I'll keep the board up to date with what I see,.feel and do. Good luck to you guys..I hope all your port-a-folios (hi ike),.. soon see New Highs for the year.. which looks to be the case for me this week, but it was somewhat a grind. :bowrie: P.S this market at this time, is only being pushed higher by SO MUCH FED LIQUIDITY,...NEVER BEFORE SEEN IN OUR LIFE TIMES.

Edited by Mr Dev, 11 April 2008 - 06:34 AM.

What does this indicator represent? something with vix? Cheers

Edited by relax, 11 April 2008 - 07:13 AM.

Dev

Do you play every cross on the signal ?

Do you play every cross on the signal ?

I try!

I used to school the folks here on the board,...which is not really necessary anymore...but I would say..

"I know that my signals will work +80% of the time,.. but I we never really know when I'll get the other 20%.

So I must try and play them all ,...knowing I will win in the long run." :bowrie:

Do you play every cross on the signal ?

I try!

I used to school the folks here on the board,...which is not really necessary anymore...but I would say..

"I know that my signals will work +80% of the time,.. but I we never really know when I'll get the other 20%.

So I must try and play them all ,...knowing I will win in the long run." :bowrie:

Dev

Thanks,just one more question please....when a trade goes against you at what point do you stop out and what vehicle do you trade for $rut.

Kim

Do you play every cross on the signal ?

I try!

I used to school the folks here on the board,...which is not really necessary anymore...but I would say..

"I know that my signals will work +80% of the time,.. but I we never really know when I'll get the other 20%.

So I must try and play them all ,...knowing I will win in the long run." :bowrie:

Dev

Thanks,just one more question please....when a trade goes against you at what point do you stop out and what vehicle do you trade for $rut.

Kim

Him Kim,
First I mostly trade thru 2x leveraged fund.
This allows me to play,.or work all day and not have to watch the markets at all..until the 10mins before the close.

Kinda like waiting until the last 2mins of a basket ball game ,...and watching what really counts ....the Win or the Loss.

Now for the hard question,.. let's see if I can answer this well enough.

First,..If I'm playing a signal.. it's usually best to stick it out and play it until it ends...but sometimes I try and do a little flipping the

opposite way before it ends...flipping against a signal is the more exciting but riskier trades I make.

When trading a signal ,,I don't set stops,..but if I'm really wrong and in a few days my signal is turning against me to go with a higher time frame I usually

bail-out and start looking for the next set up.

Really I try and break down the market I'm trading a either being in a UP mode Down mode or ..NOT worth playing mode.

If the market is in a sideways mode and I have a position.. I'll just leave it on

as long as I don't lose say more than 2%...as I know I can pull off 5% days and

a 2% loss is within my range of daily earnings.

Hope this helps,..sorry I just don't write these things down as rules,..but they are all in my head.

I'll try and elaborate when I actually have more time.

Edited by Mr Dev, 11 April 2008 - 11:00 AM.