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Sunday, July 29, 2012 10:05:23 AM
The markets are at the trough feeding off of table scraps from the bankers 
That is all it took to send the markets into the stratosphere. It was enough to make me want to be a trend trader, however I know ON surprises can be CT. Bear in mind that it is an election year but we could easily return to chop in August.
To be honest I have not really studied your trading style, but from what I have observed you claim to trade a mechanical system but I think your tading is somewhat subjective and augmented by it. Please correct tme if I am wrong. Your results are excellent but for the previous statement I don't feel that I can duplicate them. I do not even know if it is an always in system.
There are no real divergences on the 60 " chart but I would not be surprised to see a pull back on the open. The Sto 60 on the 5" chart was above 80 all day and closed there. This is always good for a short term short. If you truly feel your last statement is right why did you not take profits on Friday or is it really a 100% mechanical system you are trading?
The ES has completed a 2nd push up in a bear wedge and I expect that it will attempt a 3rd although I have no idea what that will look like!
___^TICK_(5_Min)__7_27_2012.jpg)
That is all it took to send the markets into the stratosphere. It was enough to make me want to be a trend trader, however I know ON surprises can be CT. Bear in mind that it is an election year but we could easily return to chop in August. To be honest I have not really studied your trading style, but from what I have observed you claim to trade a mechanical system but I think your tading is somewhat subjective and augmented by it. Please correct tme if I am wrong. Your results are excellent but for the previous statement I don't feel that I can duplicate them. I do not even know if it is an always in system.
There are no real divergences on the 60 " chart but I would not be surprised to see a pull back on the open. The Sto 60 on the 5" chart was above 80 all day and closed there. This is always good for a short term short. If you truly feel your last statement is right why did you not take profits on Friday or is it really a 100% mechanical system you are trading?
The ES has completed a 2nd push up in a bear wedge and I expect that it will attempt a 3rd although I have no idea what that will look like!
___^TICK_(5_Min)__7_27_2012.jpg)
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