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[Om_Namah_Shivay]

Not because I m very bearish or upside is over. It just trading rules prevail over emotions. My daily trend indicators are firmly in bullish zone, only hourly though +ve has waning momentum. This trade is a modification of my trading style where now risk reward (primarily risk) decides entry or exit. Rest indicators and stuff are used to decide direction. Now in this case my trend indicators are all +ve. But at the same time I m getting good counter trend sell signal with good risk reward. So we will go ahead and take it, depending next two days trading. I have had good ride on the bullish side since start of the year, got out around 1330-40 (premature in hindsight)...played couple of swings to build cushion for next full position trade. If this plays out then my plan is to add shorts 1/3rd @1368-1370, 1/3rd @1360, 1/3rd @1350 (levels to add position may change depending on trading conditions). So no body can see, or smell any bear, neither do i. But i sense an unease around which is very different from wall of worry. If i m wrong i will switch position on a dime. Tables set, first round cards dealt, now turn and river hold the key. Be ready to place your bets my friends because I foresee very profitable trades on both sides.

Edited by Om_Namah_Shivay, 26 February 2012 - 05:30 AM.