Trying to countertrend trade is not consistent or profitable.
/es -.65 premarket -- correction continues.
/cl down .71 - forming double bottom on hourly.
/tf - triple bottom in the early am -- for 20t bounce. Nice set up.
7:10 - /tf 5/34 xover
/nq -- took out yesterday lows... bounced 16 points - all before 7:20am.
/nq -- COAST TO COAST - took out yesterday's lows by a point -- regains entire move -- 23 point swing back to o/n high.
never looked back from 5/34 xover.
long /tf -- on double bottom 5/34 -- xover to upside.
/tf looks toppy but hasnt been 50 min.
now advrld popping -- challening hod. could take out early shorts.
triple bottom in p/m - then triple top an hour after high -- and you could be done and in the sun.
still managed to grab 33 ticks with very poor trading -- using the 5/34 as guide.
5 over 34 ma all day.... trend up
advrld 910 at 3:48 -- no shorting.
trend up as advrld pushes over 1000 -- simple rules -- no shorting over 800 no matter what.
Using 5/34 mas helps clearly see the intraday trend.
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