I had a top alert fire this morning. I have been out of the market with a profit since last week so it means nothing to me (http://www.traders-t...09). I need to work on patience for these signals as I would have taken a larger profit then I did otherwise.
What remains to be seen is if the market chugs higher as internals fall apart in a strong price trend.
Top alert fired...
Started by
TrendChange
, Feb 28 2014 11:42 AM
25 replies to this topic
#2
zoropb
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Posted 28 February 2014 - 11:45 AM
No shame in taking a profit TC it was a good one. Next one, Scale... take the bulk and leave a runner.I had a top alert fire this morning. I have been out of the market with a profit since last week so it means nothing to me (http://www.traders-t...09). I need to work on patience for these signals as I would have taken a larger profit then I did otherwise.
What remains to be seen is if the market chugs higher as internals fall apart in a strong price trend.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#3
TrendChange
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Posted 28 February 2014 - 11:55 AM
No shame in taking a profit TC it was a good one. Next one, Scale... take the bulk and leave a runner.I had a top alert fire this morning. I have been out of the market with a profit since last week so it means nothing to me (http://www.traders-t...09). I need to work on patience for these signals as I would have taken a larger profit then I did otherwise.
What remains to be seen is if the market chugs higher as internals fall apart in a strong price trend.
Thanks Z. I am going to add that to my exit trade procedures/check list/notes. Take half profits and let the rest ride with a stop. I'm having to undo a life time of brain damage in money making. Getting up going to work is proactive money making. Taking market profits and managing a trade is reactive money making, an entirely different skill set.
#4
da_cheif
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Posted 28 February 2014 - 12:02 PM
No shame in taking a profit TC it was a good one. Next one, Scale... take the bulk and leave a runner.I had a top alert fire this morning. I have been out of the market with a profit since last week so it means nothing to me (http://www.traders-t...09). I need to work on patience for these signals as I would have taken a larger profit then I did otherwise.
What remains to be seen is if the market chugs higher as internals fall apart in a strong price trend.
Thanks Z. I am going to add that to my exit trade procedures/check list/notes. Take half profits and let the rest ride with a stop. I'm having to undo a life time of brain damage in money making. Getting up going to work is proactive money making. Taking market profits and managing a trade is reactive money making, an entirely different skill set.
whats wrong with the long side? gotta long way to go
#5
fib_1618
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Posted 28 February 2014 - 12:04 PM
No matter where you look the internals are stronger now than ANY time in history going back to 1926.What remains to be seen is if the market chugs higher as internals fall apart in a strong price trend
So...you'll have a long wait for A top, no less, THE top.
Fib
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#6
zoropb
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Posted 28 February 2014 - 12:09 PM
Guys we do not know what TC is using in leverage so he may be doing the correct thing for his risk profile. He seems smart enough to figure it out.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#7
TrendChange
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Posted 28 February 2014 - 12:20 PM
Guys we do not know what TC is using in leverage so he may be doing the correct thing for his risk profile. He seems smart enough to figure it out.
That last trade I backed the truck up with DDM. Eventually I want to switch over to the YM but I need to have more precision and comfort with my system first.
Calling this a "top alert" may be a bit misleading. I am designing my system to alert bottoms and get the meat of the middle on the long side only.
Edited by TrendChange, 28 February 2014 - 12:23 PM.
#8
zoropb
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Posted 28 February 2014 - 12:30 PM
Sounds like your on the right track. Keep up the good work TC and thanks for sharing some with us.Guys we do not know what TC is using in leverage so he may be doing the correct thing for his risk profile. He seems smart enough to figure it out.
That last trade I backed the truck up with DDM. Eventually I want to switch over to the YM but I need to have more precision and comfort with my system first.
Calling this a "top alert" may be a bit misleading. I am designing my system to alert bottoms and get the meat of the middle on the long side only.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#9
andiron
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Posted 28 February 2014 - 01:01 PM
No matter where you look the internals are stronger now than ANY time in history going back to 1926.
Fib
some data to backup that statement will be nice..
#10
da_cheif
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Posted 28 February 2014 - 01:18 PM
No matter where you look the internals are stronger now than ANY time in history going back to 1926.
Fib
some data to backup that statement will be nice..
here let me help with the data.....its called ewave......and the epicenter of primary wave 3 up....some indexes such as the VLE are allready in it......fwiw
