shorted /6e -- on trendline break -- pattern caught 15 ticks
but gave most of it back trying to short --- with the 33 over the 99 day MA -- trend up day and I was ignoring the obvious trend.
Determine the trend and trade WITH it. It was up -- the opening drop set up a trend day.
There was opportunity to get into /tf -- but the meat of the move was over before noon. Trading afterwards yielding little.
Signals like : slv, gld, xhb strong should be obvious enough. Then trade WITH the 33/99 day MA as your guide. Use patterns to establish entries and candlesticks for exits.
Definitely need to consider other market signals to determine if a strong trend can develop -- then get with the flow. That's what i learned today. And secondly: if you have a bias -- NOTE it -- so it doesn't cause you to fight a trend. A trend is a trend whether you accept it or not.