Apr 3, 2013

Short term update

UPDATE: I will wait for the oscillators on the 15min and 1h chart to reset before a short entry. On Friday there is NFP and probably the indexes will be pushed higher until then.

UPDATE: the direction is definitely down - candlestick and histogram on the daily chart bearish and now triple cross on hourly chart. The only question is jump on the short side right now or wait for a pullback... Ohh and this signal will be for a swing trade several weeks not like the the last weeks a day or two.

It looks like this.... on the side line and waiting now. It did not worked out as I have expected:) good choice if you took profits at the trend line.
The daily chart starts looking ugly. If the indexes does not recover in the afternoon session short signal will be knocking on the door.
I wrote we are chasing the last 10-20 points and it is more day trading now...

No comments:

Post a Comment