Friday, January 27, 2012 9:00:48 AM
I posted a couple of days ago, how the play of the month has been to watch for a SR60 sell and then jump in long when TOS gave a buy signal and the SR60 signal failed.
Y at 11am, SR60 gave another sell signal at 79.02 (even though I would not have executed until later in the day). So once again we will see what happens this morning. Futures were up but now they have fallen back down, so maybe this will be the one signal to not fail.
However as I have said because of the time contraint that I have at the present, I just can not plan to trade during the day. Also looking back at SR60, I realize that it often can get whip sawed as it has this month. So I have been playing around with something a little slower. Below is the chart that I have been watching. It has no history, so I do not present it as a system, but just a "here is what I am watching." Any comments would be welcome. I am watching for a MACD/Signal crossover and seperation and also a Stoc MA break of 80. Then I will consider that maybe the market is turning down.
Y at 11am, SR60 gave another sell signal at 79.02 (even though I would not have executed until later in the day). So once again we will see what happens this morning. Futures were up but now they have fallen back down, so maybe this will be the one signal to not fail.
However as I have said because of the time contraint that I have at the present, I just can not plan to trade during the day. Also looking back at SR60, I realize that it often can get whip sawed as it has this month. So I have been playing around with something a little slower. Below is the chart that I have been watching. It has no history, so I do not present it as a system, but just a "here is what I am watching." Any comments would be welcome. I am watching for a MACD/Signal crossover and seperation and also a Stoc MA break of 80. Then I will consider that maybe the market is turning down.
Trade the Charts and not the Heart - Expect the trend to continue until it doesn't.
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