3309 Drysdale Ct
Edwardsville, IL 62025
IMHO there is not a 1 to 1 translate from long signal in a uptrend for the fallowing reasons
1-the market still has an upward bias via CB intervention
2-even if your trigger did trigger you still have to manage the trade
3-you can't look at it in a vacuum
4- i'm not sure of Q's but on 5 min SPX the overbought short on
SPX was preceded by a higher low which is a powerful signal especially
at a pivot of S2 via the chart below
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Glad you had a trigger on sto signal short
5 Min Sto Signal (short) setting up on Qs right now
Posted by windyjazz on 29th of Apr 2016 at 02:15 pm
IMHO there is not a 1 to 1 translate from long signal in a uptrend for the fallowing reasons
1-the market still has an upward bias via CB intervention
2-even if your trigger did trigger you still have to manage the trade
3-you can't look at it in a vacuum
4- i'm not sure of Q's but on 5 min SPX the overbought short on
SPX was preceded by a higher low which is a powerful signal especially
at a pivot of S2 via the chart below