Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
The daily has now corrected into a buy zone.
Whatever kind of signals you are looking at they aren't intraday. You will just keep suffering losing trades using those signals. I suggest watching what the market is actually doing. It is weak. And screaming that to us. Bears are winning clearly. I wouldn't be going long until I saw some strong buying pressure followed by a weak retest of the extreme low with that then followed by a good reversal signal.
I haven't had an intraday buy signal since Thursday morning but we all have our own trade plans.
Remaining long here. My view is that there is a better than 50 percent chance that we'll see upside the rest of the day.
Why? What reasoning for this? Market continues weak and has shown no strenght. I would let the market shows some strenght before i would even consider an upside for the rest of the day. It would interesting to know "why" your view is upside for the rest of the day. It may well turn out that way but at the moment nothing at all indicates that posture..at least to me. All i see is weakness.
Intraday PA. What does it say? Gotta run bye.
The key here will be printing 2269.50. If we do that we'll likely have legs.
And while I typed, we printed it. Odds of upside have now increased.
One more chart. Gotta go. bye
Higher intraday low on Naz.
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