Two: Select markets and position size based on volatility and strength/power. What's moving?
/cl strongest -- up .6%
/es 1468 -- strength equal vs. /tf
Ebay, aapl up.
BAC down on earnings. -2.3%
triple top in /tf on 5min. / 5 day chart -- resistance here ?
/zb red, gold down... conditions are perfect for strong day.... but so extended.
short /tf 879.9 on 5/34 xover -- after major 5 min triple top. Need a 15t stop here.
-5 tick - stop on 5/34 xover -- and instantly back to highs.
Need to trade with one set of rules - 1 min timeframe only. So don't turn it into a 'swing trade'. Saved over 10 ticks stopping out immediately.
Housing data in 4 minutes -- leak?
/tf jump to 882 /gc drops -- positive data. 5/34 xover caught it way early.
/tf -- 883.50 is alltime high -- should be magnet -- 883 now... easy.
883.5 and beyond... blue skies
/cl 95.60 -- don't stop believin'
could easily be up 1% today -- /tf .58% -- so ppl. may start shorting too early.... 'overbought' is not a sell signal... or a plan.
so high vol. high volatility today -- /gc down to 1666 sharp sharp move. Everything else up.
exciting open -- must relax, control emotions - stick to plan --
/tf - almost 5/34 bearish xover... at 883.5
ewg, ewi up 1% -- probably few think we can trend up from HERE. but easily can. Charts will show you.
+1600 advn-decn huge.
virtually no move after open - /tf
short /tf - on xover.
big moves premarket -- not much after the bell... need to trade early these days.
885.2 /tf -- obvious.
Should not have tried to short -- Market Signals were obvious. Negates any hope of contrary xover.
/gc - rainbow - after 5/34 xover.
/gc!!!! wow -- 200 tick range. now green. xover caught a whopper.
if I'm trading well -- I should be able to lose 4 out 5 and make a huge profit when the trend hits on the winner.
+1300 advn-decn -- all sectors green.... we're in the midday chop chop period.
DECK -- sunk to 37.91 -- weak!
short /tf -- advn-decn diverging here.... off-plan contra with $70 stoploss.
anyways... needless to say Trend Up Day.