Nah, not touching any shorts anywhere today here. Bid is still too strong. Can't short by my rules until at least gap fill at 1368(50% retrace),...
Curious, what level did you short? If you shorted 1363-4 you may have nailed it perfectly. There was a giant "potential reversal" signal there...
Well... The market internals are pushing. I sure ain't shorting nothing until gap fill. :/ Either that or a downtrend... Or a drop in the tick...
Good move... I have been stuck chasing dips and shorting divergent tops. I kinda expected around 1352.50 as a bottom, not 1354. What screwed me...
He didn't have a position. I'm sitting here waiting to see if we get any buyers off 1352.50 to scalp a couple longs. But really, were most...
Id prefer if we were down around 5-10 handles by morning. Increases the odds of a good gap fill rally that is actually tradeable. ;)
It's best to trade the ES long only and not short anywhere unless you really know what your doing. The S&P rises steadily most all of the time...
The long/short ratio difference contributes a lot to forex behaving differently in my opinion. Equities move in long uptrends followed by fast...
You guys should take a class in chaos theory. It's very interesting stuff. We have discovered that there is no such thing as "random chaos."...
Yep, from what I have seen it hovers somewhere between 60 and 80...
Maybe I shouldn't be so paranoid of gaps. Those short signals on that downtrend would have paid off... Plus in the bigger picture we were in the...
Anyone who knows ANYTHING about divergence definitely wouldn't be shorting anything today. I was hoping for a quick lows retest to get in for a...
Yea, pretty much... These patterns like this that get taught to retail traders are what I refer to as crapshoots......
Trend, support, and resistance are the most important. Patterns are unreliable. The only pattern I pay attention to is "divergence" and I don't...
They are not in my book. They are just a slowdown in a uptrend as price is testing resistance, or a slowdown in a downtrend as price is testing...
Patterns are not very useful. Don't bother to think about them. Divergences on the other hand are quite useful...
If they raise taxes that much everyone who can get out of the country is going to get the hell out and escape to Singapore or somewhere. Even if...
LoL... Recognizing patterns is not necessary for successful trading. IMO spotting patterns is not a very good way to trade either. Trendline...
Okay... It seems like nobody cares for this thread and rated it one star. I'm discontinuing it as keeping a stupid journal makes trading more...
Things were going good then got clipped... For some reason I was expecting a continued runup to the minutes off that divergence low... Blah....
Separate names with a comma.