AI
Monday, October 11, 2004 8:01:36 PM
Cap...here is a little e-mini lessson (lol)
Look at the chart below. See my little circles? See the similarities to the ones on the left and the ones on the right?...hehehe Should I be a buyer yet????????????
The price usually diverges with my stuff unless the move is really impulsive. If it was impulsive then I would just look for alot of volume with a big candle...or wick. Exits on a short here would be a break of a previous high after penetration of the 13EMA or more than a little poke thru of the center BB. In other words, as long as this move doesn't get any higher than 1130 we would remain short. If 1130 gets hit we would buy with a stop below the last low.
Now you see why I was calling for a slighly lower price at today's close or early tomorrow.
60 minute e-mini S&P:
Look at the chart below. See my little circles? See the similarities to the ones on the left and the ones on the right?...hehehe Should I be a buyer yet????????????
The price usually diverges with my stuff unless the move is really impulsive. If it was impulsive then I would just look for alot of volume with a big candle...or wick. Exits on a short here would be a break of a previous high after penetration of the 13EMA or more than a little poke thru of the center BB. In other words, as long as this move doesn't get any higher than 1130 we would remain short. If 1130 gets hit we would buy with a stop below the last low.
Now you see why I was calling for a slighly lower price at today's close or early tomorrow.
60 minute e-mini S&P:
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