IMHO the relative long term uptrend maybe over.
Are you still in the trade?
candeo, We haven't heard from you since last week. I hope all is well.
Interesting...
Good job! I think it will go higher (through your target) after this pullback. But then again I see some divergences.:eek:
I went long after price broke 1264.75 (lower-high).
1254.75 is 2005 close.
I reached my goal shortly after the open. After price failed to break above 1271.75, but broke below 1268.75, so I went short at 1268.50.
I rarely trade TI signals; however, when I see divergence I'm looking to get out or stay out of a trade until I get a continuation or reversal...
4re I hope you stayed out of the trade (realizing momentum was decreasing).
It may go down to the 200 day MA 1268.75.
The 3 pt. band is something I picked up from someone else trading the ES. Since I have been using it (for about 4-months) as a filter to help...
I'm sure some traders would argue the opposite is true (ETFs move individual stocks). That's why some stock traders use them as leading...
An ACD Breakout.
See the following thread: X-Trader with no monthly fee! New Transactional Model. http://www.elitetrader.com/vb/showthread.php?threadid=62730
ACD Range expansion.
You should checkout the ACD Breakout Method. It could be used as a filter to determine when to trade divergence and when to trade...
What are the symbols in esignal for NIKKEI 225 futures and SGXNK?
So you don't trade the JOT setup?
sandygray66, Did your filters keep you on the right side of the market today?
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