No my brother, I use TA to describe what has already happened, not as a real time decision making tool. It's great to illusitrate things.
But you are using the belief that you saw a blow off top on your time frame as a reason to hold your shorts? I don't understand. That is clearly a use of TA in your current trading decisions.
Not anymore, I told you it was Thursday. If you really wanted to short, you should had waited until the end of day. By the way it was obviously a consolidation day after 2 up days. That is TA 101 for ya..... Your readers are going to be so experienced in TA by the time this painful experience is over, they might even get a degree.... Oh yeah, today we have reached 2/3rd of my swing up ~80 pts prediction.
Noooo, my brother trader, you are not understanding. The blow off top was noted after the trade was entered, it was not the reason for the trade. Remember, TA is great for illustration about what "has" happened hence my use of the devils tongue.
Mr Pekelo, Although I appreciate your contributions to this fine publication, I believe you would be better served by starting your own published journal with real time calls and commentary. Best Surf
Actually he has, a paper trading journal. It didn't turn out very well though. http://www.elitetrader.com/vb/showt...=113413&perpage=30&highlight=100&pagenumber=2
I get that surf, but you stated that you were holding shorts based on this info. Now your trigger may have been something different, but the decision to hold is based on TA, is it not?
>>2008 Verisi .....................8.3% -38.5% >>2007 Verisimi ..................17.7% 3.5% >>2006 Verisimilitude .............7% 13.6% (6 months only) the fund name kept getting shorter and shorter. what's called now? "Ve"?