Was I wrong here? Got stopped out overnight. I will probably not trade for rest of the month so that I can say I'm up 8% in January.
This is the toughest part of any trade for me-- we are right at the 20 hr MA and I have to decide if it is going to bounce or go thru
A decent bearish divergence has just formed on hourly ES charts with MACD histogram and RSI . Lower from here?
I jez keep tellin' 'em - Buy Those Dips! ...but don't forget to sell. Hint: you should have sold already. Good trading to all!
Sell?? why sell??? futs huge gap here on MrSoftie/BRCM!!! I love no risk overnight long futs plays for free money$$$$
The indicators seem to drag downwards during congestion periods- if you're using 60 minute charts- there's a cluster of hourly bars 1275 and 1279- i'd call that congestion- it looks like traders are hyper sensitive to oil- or it s a big coincidence. I was refering to a post about rsi and macd divergence - during congestion they (indicators) sometimes slack off suggesting lower prices ahead - not always so. Watch the Dow Transports with your daily analysis- sometimes they help.