ES Journal Archive (2009 - 2010)

your sma doesn't mean anything. you are just rolling the dice

 

Good advice, wizard *taking notes*

 

sh avg 1197 3/8,add 05, avg 1199.25

 

A typical gambling dice has 6 sides, an SMA has 2 sides.

Dice throws are totally random. Events following a price action cycle at 200 Weekly SMA are far from random on the other hand.

You fail to see the point - it is what happens at that SMA what is important, not which side you choose once price reaches that line.




Old words of wisdom -

In a bull market buy strengthening p/a
In a bear market sell weakening p/a

Indicators are optional tools. How YOU work them is a personal matter.

 

reduce 1/2 @93...........87.5 bid on balance

 

well put. they seem to make decent targets whichever side youre on.

 

add 97 sh

 

reduce 90.5 avg 98 1/8

 

flat 88.5

 

dollar