Buy or Sell ?
#1
Posted 17 December 2009 - 10:05 AM
#2
Posted 17 December 2009 - 10:11 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#3
Posted 17 December 2009 - 10:14 AM
cool see how it back test.
just tried round 2 1093.50 March will unload most or all on first of today's early highs attempt
Z,
I have developed about 20-25 systems in the last 10 years. Everyone of them backtest well. Only couple of them have performed under pressure in the field (a.k.a forward testing) . This one is just a refinement of my old system, so hopefully should do well.
Edited by NAV, 17 December 2009 - 10:18 AM.
#4
Posted 17 December 2009 - 10:15 AM
#5
Posted 17 December 2009 - 10:17 AM
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#6
Posted 17 December 2009 - 10:22 AM
Edited by tommyt, 17 December 2009 - 10:27 AM.
#7
Posted 17 December 2009 - 10:25 AM
#8
Posted 17 December 2009 - 10:25 AM
#9
Posted 17 December 2009 - 10:29 AM
fed game says today is the trend day...so should be down good all day. Since no quad unwind took place earlier, its gotta unwind today and tomorrow's open. Could be a large gap tomorrow. IMO, most have been put to sleep by the last 5 weeks, and won't have anything for the real move. Many have been trained to trade for 2,3,4 ES points, nothing wrong with that, just a sign of whats its done to the crowd.
I have rarely seen S&P top without at least giving a retrace on the 15-min. Minimally they will reset the 15-min Osc, ideally the 30-min before they jump off the cliff. This one shoud be no different. SPX has already hit the 4-sigma band on the hourly. Expect a retrace anytime here.
#10
Posted 17 December 2009 - 10:31 AM
"Price action creates momentum."
Truer words were never spoken (or in your case, written). That's exactly what I attempt to demonstrate over and over. A given price will render an exact momentum reading. Methodically plot some price scenarios, observe the momentum results for them, and try to identify potential obstacles and openings. That's all anyone can really do with momentum.
Precisely. You explained it better than me.