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Re: Frank Pembleton post# 18883

Wednesday, 05/06/2009 7:23:10 PM

Wednesday, May 06, 2009 7:23:10 PM

Post# of 19037
Nice trade. Always fun when you can make money against the prevailing trend. Haven't really used ADX, CCI in the past. I know people besides yourself though that find it useful. I took a .75% loss trying to short the market around 910. I knew I should have covered around lunchtime, but being away from the computer and only having rough charts I got sloppy. Was in the green for a brief while after putting the trade on, but didn't last too long. We'll see how tomorrow goes, but I'm guessing before the week is out I'll be shorting again.

How long have you been using CCI and ADX? In terms of your various TA indicators is it in the top 25/50% of things you use?

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