i got out es at 1322, from 1327 - trying to stick with 'the meat of the move', rather than trying to be perfect - i want to be fully objective with what i see next - easiest to do when i'm flat now, i watch how does it react to the 20 ma?, is now my question
sht since 1337.25 (stp was 41.25) same with most european indices also....though have to say only just still in european by 3-5 ticks yesterday!!! Housing Monday will cement the move and change of sentiment....next stop S&P Z 1311 good trading!
i actually took a 1 contract boredom long (at 22.5), as it's at the bottom of the 5 minute chart trend channel, i just didnt think it had the steam to make a real test of the 20 ma at that point of the channel it still would have been better form to be flat OT: $OSX (oil services) is on the 20 month ma today, they almost never break it in the first try - i dont play the intermarket game, but an oil bottom could be consistent with an S & P top nonetheless, i will observe, not predict
out the boredom long for 23.25 - approaching the 34 ema on the 5 minute chart back to watching the 20 day ma
they're not without hazzard, as the mind can get wrapped up in even small trades, when the focus should be on a bigger picture
Yep. Done that. Been dinking around with a small trade only to get distracted and miss a regular system trade. PS trying to get a short off at 24.50 (lunch money), but no luck