Regarding this current short trade, at this time the system is
not looking to hold the trade very long because the trending
indicator is positive, therefore odds favor this being a short term
trade per the system, we'll see....
Posted by frtaylor on 10th of Oct 2011 at 09:35 pm
Looking at your 5 min SPX chart, I hope it covers before we move
up in a wave 5 as your chart shows, since that mapping puts wave 5
waaay up there in the 1200's! Of course, it's only a mapping,
so we'll just have to see (as you always put it).
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Regarding this current short trade,
Current Trade - Alert
Posted by matt on 10th of Oct 2011 at 04:02 pm
Regarding this current short trade, at this time the system is not looking to hold the trade very long because the trending indicator is positive, therefore odds favor this being a short term trade per the system, we'll see....
Matt, Does that mean that
Posted by sschulman on 11th of Oct 2011 at 03:55 pm
Matt, Does that mean that there probably won't be a 2nd entry for this trade?
sschulman - the system will
Posted by matt on 11th of Oct 2011 at 09:42 pm
sschulman - the system will only do a second entry if the market rallies enough away from the first entry.
Looking at your 5 min
Posted by frtaylor on 10th of Oct 2011 at 09:35 pm
Looking at your 5 min SPX chart, I hope it covers before we move up in a wave 5 as your chart shows, since that mapping puts wave 5 waaay up there in the 1200's! Of course, it's only a mapping, so we'll just have to see (as you always put it).