Mar 20, 2013
Short term update
Not very convincing on the upside... strong opening and that was all. The last two hours with shadows, MACD nearing the trend line. It looks like A-B-C, B finishing and C to support ~1530. At this point the red scenario can not be excluded we must see the opening tomorrow. Even if the indexes move higher the upside is limited if you ask me.
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Krasi, where is the stop at now since the last stop was not exited? 1563?
ReplyDeleteYou can see everything in the short term updates. At the moment there is nothing open. If the prices move bellow EMA50 on the hourly chart there will be a short signal again. But I think we have started topping process and we will see up and down moves for a while.
Delete- From the weekend - Direction: UP | Last entry signal: at SP500=1514 on 01.03.2013 | Stop at:1535
- 18.03 UPDATE: System stop moved to 1544
- 18.03 UPDATE: The price is again bellow EMA50 on the hourly chart and if it stays there we will have a signal. I will say the system show short signal at 1551 with stop 1559 (3:43).
Short signal which was at the same time the exit for the long trade at 1551.
- 19.03 Direction: DOWN | Last entry signal: at SP500=1551 on 18.03.2013 | Stop at:1554
- 19.03 UPDATE: Too much strength put the stop at 1551 and leave it. If SP500 opens higher and moves up break even.
- UPDATE: The stop was hit...
Ok it is a little bit confusing I will write at the same time in "Trading system results" and you can see if something is open.