I went long last night @2053 for ESU16 will be selling if it cross primary indicator or it hit 2080 area which ever comes first.
We are here to make money not to play God that market will do this or that.
One should have estimate, what most participant uses is Pivots, so try to have look at those.
I bought because it was way oversold and my stop was 5 points below why because I know I can not dictate market to do this or that.
Do not go short till you have a trend in your favor.
Trend is 1+1. A MA, 2 day or 14 on 60 min chart. stay long if prices are above it stay short if they are closing below it.
Short term trader should use shorter duration and shorter MA, which does gives more whip saw but good in fast market.
Your stop should be accordingly.
Do not hesitate to take profit, reentry fee is very small.
Many here believe RSI above 70 on 60 min should be sold, today is on of those day it is not following so far.
Every indicator fail some time, be humble and you will succeed, do not fight the trend.
Good luck and happy trading.
