whats the trade here?

Discussion in 'Trading' started by cashmoney69, Jul 31, 2007.

  1. ICE on a daily.

    So what would you do here?...


    At this point in time, none of my indicators are giving a buy signal.

    The major trend is broken, but is that alone warrent a short


    It is charts that look like this, is the reason why i cant ride a trend, because these corrections could be reversals, and so I take profits. Will ICE rally back up to 175 or fall to support at 145.. impossible to tell.
  2. ask stock trad3r. he's about the only poor soul that would look at this pig
  3. xiaodre


    why not wait until it tests the 175 area and fails? does your trading style allow you to jump on in the middle of a wave? how did it do in earnings this quarter? does your trading style allow you to short after white printed candles like that with no signs this wave is over?
  4. Well, it rebounded nicely off that triple bottom. That counts for something.

  5. Better yet, why not game a stock with a clear direction?