Thursday, March 8, 2012

failure: market signals

shorted /cl -- on perfect set up and it failed.

why?   market signals are trend up  -- and major bullish signals will trump a short signal.  obviously.

 So don't bother looking for shorts in a trend up signal market.

also: the  /ng trade  was set too tight (by one tick)  -- and there was no volume anyway -- in the weakest market -- no way you should be long.

 buy pullbacks of STRONG markets.   Don't be afraid.

 And know key support/res. levels.  
 And respect market signals.

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