there was a slight chance for that, but sectors can break down
before the market, like the RUT and Semis did. Also XLE started to
break a trendline on Tues, also I pointed on on Monday the low risk
short on XLE based on the BPENER kissing the underside of the 9
EMA. Remember one can also scale into trades, here's that video
from Tues where I discussed the BPENER testing the underside of the
9 EMA as a lower risk short
anyway that is what makes a market and what makes trading
difficult, the emotions and possibilities and there are many ways
to trade a market depending on ones time frame and objectives.
Anyway don't worry about missing a trade, there will always be
new trades, I am far from perfect and miss a lot of trades that I
should catch.
the reason i did not
XLE system missed the trade
Posted by cuqui69 on 5th of Apr 2013 at 10:51 am
the reason i did not take it is because we could have had one more push higher!
there was a slight chance
Posted by matt on 5th of Apr 2013 at 10:56 am
there was a slight chance for that, but sectors can break down before the market, like the RUT and Semis did. Also XLE started to break a trendline on Tues, also I pointed on on Monday the low risk short on XLE based on the BPENER kissing the underside of the 9 EMA. Remember one can also scale into trades, here's that video from Tues where I discussed the BPENER testing the underside of the 9 EMA as a lower risk short
http://breakpointtrades.com/jing/2013-04-02_1024.swf
anyway that is what makes a market and what makes trading difficult, the emotions and possibilities and there are many ways to trade a market depending on ones time frame and objectives.
Anyway don't worry about missing a trade, there will always be new trades, I am far from perfect and miss a lot of trades that I should catch.
Matt I will do this
Posted by cuqui69 on 5th of Apr 2013 at 11:01 am
Matt I will do this next time. Anyhow is there a short term bounce probably i will scale into it
cuqui69...please don't try to time
Posted by steve on 5th of Apr 2013 at 10:55 am
cuqui69...please don't try to time exact tops. Consider scaling into such positions. Does that make sense?
OK steve! thanks
Posted by cuqui69 on 5th of Apr 2013 at 11:00 am
OK steve! thanks