I'm gonna be posting all my trades on everything in this thread till the end of the year: http://www.elitetrader.com/vb/showt...threadid=279924 Feel free to FADE
Closed out the add at 1786.75 for +10.5. Holding initial short from 1783.25. Will add at 1805.75 with a stop at 1825
Outside day reversal ES and fairly extended from the fast means. Permission to short pops until averages catch up to price, the fight at the averages, well that's a whole different battle. See, no reason to short blindly, when it's time to short, market will shout it.
Better when the bars or candles agree with the averages, otherwise you run into potential sideways action.
market doesn't shout it out anymore than the guy at the carnival tells you the barrels on the rifles are bent, or the basketbal hoop is smaller than regulation,it's a game meant to beat the most people as often as possible, they try to cover footprints but don't catch all of them